Europe is looking to foster its local battery industry lessen its reliance its supply from South Korea, China and Japan.
South Korean battery equipment makers a pursuing orders from European battery makers __ Northvolt, Saft, Freyr and Britishvolt __ for new growth.
PNT, CIS, Jeil Machine, TSI, mPLUS, Hana Technology, SFA, PNE Solution and Kapjin are some of the South Korean battery equipment makers looking to win orders from the battery giants. These companies have set-up offices in Europe and hired local agents to pursue orders.
European battery makers are generally welcoming such moves, people familiar wit the matter said. Northvolt, which is building factories in Sweden and Germany, has decided to expand the use of South Korean suppliers, the people said. They were satisfied with the technology and quality of the equipment, they said.
In mixing equipment, South Korean vendors were popular with Northvolt. The batter maker was also showing interest in coater equipment, the people added.
Saft was encouraging South Korean equipment makers to participate. The company has recently began bidding for its battery production line.
Freyr is also planning to build a 32GWh per year batter plant in its home country of Norway by 2025. It has secured 130 million kroner last month for the plant. Nearby Finland is building the world’s largest nickel mine, making it convenient for Freyr to secure materials for battery production.
Britishvolt is planning to build a 30GWh battery factory. The company has partnered with AMTE Power to make sure the project is a success. Britishvolt has secured battery design and production experience from the partnership, making it convenient for South Korea equipment makers to enter the supply chain.
European batter makers had many core battery technology but little experience in manufacturing, the people said, and many of them are looking to secure manufacturing experience through South Korean equipment makers.