UPDATED. 2024-06-21 07:30 (금)
Northvolt subcontractors mulls Japanese firm support
Northvolt subcontractors mulls Japanese firm support
  • Stan Lee
  • 승인 2020.09.07 15:59
  • 댓글 0
이 기사를 공유합니다

In collateral
Image: Northvolt
Image: Northvolt

Japanese trading firm DJK Group is offering financial support to South Korean battery equipment maker who are planning to export their goods to Swedish battery company Northvolt, TheElec confirmed.

DJK has also suggested the equipment makers form a consortium to better react to the order.

Northvolt’s order is becoming bigger __ and the collateral deposit has also concurrently risen, which individual equipment makers may find difficult to handle on their own.

Multiple companies __ from assembly to electrolyte equipment makers __ are expected to join the consortium. However, PNE Solution, whose contract with Northvolt is relatively small, has refused to join.

DJK will stand in for the consortium to provide the cash collateral. In return, it will collect commission from the South Korean equipment companies.

However, Northvolt doesn’t want this as such arrangement will increase equipment unit prices.

The Swedish battery maker requires around 30% of the contract worth as collateral. 

South Korean equipment vendors are also desiring to avoid such an arrangement, a person with direct knowledge of the matter said. They are hoping the South Korean government provide a green bond __ bond for eco-friendly projects, they said, for the deal.

DJK Group’s offer is on the table thanks to its ties with South Korean equipment maker CIS. They have a joint venture in Germany.

Northvolt is planning to expand its EV battery production capacity by 20GWh a year through its joint venture with Volkswagen. The company ultimately wants to have a battery production capacity of 150GWh per year by 2030.

삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2024 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr