Hanwha Advanced Materials Wins Electric Car Parts Order from SAIC Volkswagen
Amidst the shifting paradigm in the automotive industry, Hanwha Advanced Materials has come into the spotlight having moved aggressively into the future car market of smart cars and electric vehicles.
The company has already been producing battery cases to LG Electronics since last October. Hanwha has optimized sheet molding compounds (SMCs) to better protect the battery pack in the event of an impact from a collision. These batteries protected with Hanwha's battery cases are being supplied to the Chevy Bolt, GM's next-generation all-electric vehicle. Now, the Shanghai subsidiary of Hanwha Advanced Materials has won the contract to supply battery cases for the E-Lavida, an all-electric vehicle to be mass-produced starting in the second half of next year by SAIC Volkswagen Automotive Co., Ltd. SAIC Volkswagen Automotive Co. is a joint venture between SAIC Motor Corporation Limited and Volkswagen. The deal is indeed timely in that the growth of the Chinese e-vehicle market is picking up pace.
Hanwha Advanced Materials' SMC-based Battery Case
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E-Lavida is a sedan specifically targeting the Chinese market. It is an all-electric vehicle powered by a lithium-ion battery. When fully charged, it has a range of about 200 kilometers.
Hanwha Advanced Materials' Shanghai subsidiary is producing the battery cases for 66,000 E-Lavidas every year, starting August of 2018.
Additionally, Hanwha Advanced Materials is aggressively engaging in activities to win more orders to expand its supply of the e-vehicle battery case to global joint-ventures based in China (GM and BMW) and keep pace with the growing e-vehicle market in the country.
Hanwha Advanced Materials
Founded in 1965, Hanwha Advanced Materials’ vision is “A high-tech materials company that protects the values of humanity and the environment.” To achieve this vision, we’re developing an innovative line of products and technologies that are more environmentally conscious while catering to the needs of our customers around the world. We produce lightweight composite materials and thermoformable components for automobiles, highly efficient advanced film for solar energy, and high-performance coating films for mobile phones and display. We have also developed local production plants and R&D centers in South Korea, the US, Europe, and China. Our global sales continue to rise.
For more information, please visit: www.hwam.co.kr/en
Hanwha Group
Founded in 1952, Hanwha has grown quickly by anticipating and responding to changing business environments with a balanced business portfolio that includes energy & materials, aerospace, finance and retail & services. Our expertise and synergy in key areas have catapulted us into the seventh-largest business in South Korea and a Fortune Global 500 company. Hanwha continues to grow rapidly as we strive to pursue global leadership in all of our businesses. We are building a robust foundation for sustainable development and a brighter future for everyone.
For more information, visit: www.hanwha.com
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