Collaboration on Battery Production Facility Expansion Due to Increased
Production of Electric Cars and Trucks
Las Vegas, Nevada--(Newsfile Corp. - August 25, 2023) - Saean Group Inc.
(SEAN) is pleased to announce that the company and BK Dong-yeong Tech have
signed a memorandum of agreement (MOA) over battery supply and mutual
cooperation at 2 p.m. at Saean R&D in Hanam, South Korea on the 11th.
At the signing ceremony, held at the Saean R&D in Hanam, Gyeonggi Province,
Jeong Hae-man, executive director of Saean Group introduced the "E-T30
Project," a new development of a 27-ton electric power refractive dump truck.
Saean announced plans to start production of refractive dump trucks in
December next year and sell up to 200 units annually from 2025.
Lee Ki-hong, CEO of BK Dong-yeong Tech, introduced shock tests, battery damage
tests, and other demonstrations to maintain stable voltage. The new battery
greatly enhances safety with a system that is completely different from the
materials used in existing lithium batteries.
BK said it is confident that there will be an opportunity to change the
paradigm of batteries that operate normally, even at temperatures ranging from
-40°C to 70°C.
At the signing ceremony, BK Dong-yeong Tech will supply battery prototypes for
Saean Group's production of electric vehicles and electric trucks, with Saean
Group vowing to meet strict quality standards in fitting them to vehicles.
Saean Group is a company that designs, develops, and manufactures electrically
powered passenger cars and special vehicles based in Nevada, and is preparing
to produce automobiles at home and abroad.
On the other hand, BK Dong-yeong Tech is a solid secondary battery
manufacturer, and produces secondary batteries that do not use lithium by
utilizing 'energy storage supercapacitor' technology. The new BK battery has
advantages such as fast charging speed, long life, excellent operating ability
at extreme temperatures, and reduced fire risk.
An official from BK Dong-yeong Tech said, "We will provide technical support
for the construction of a 2 gigawatt battery plant to meet the large-scale
battery demand of Saean Group. If there are no problems in quality and
production, we will also cooperate in the construction of a 40 gigawatt
production line."
In addition, a Saean Group official said, "We are considering establishing a
battery mass production plant through a joint venture (JV) abroad, and
cooperating to support BK Dong-yeong Tech's listing on the Nasdaq in the U.S."
Media Details:
Company Name: Saean Group Inc.
Contact Name: Jamie Whang
Email: info@saeangroup.com
City: Nevada
Country: United States of America
Website: https://www.saeanmotors.com
Reference:
https://www.bloomberg.com/quote/GPSID:US?in_source=embedded-checkout-banner
https://www.incheonilbo.com/news/articleView.html?idxno=1206781
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/178480
(c) Copyright Newsfile Corp. 2023
