Aluko, a company specializing in aluminum parts and materials, is entering the U.S. electric vehicle..

Aluko, a company specializing in aluminum parts and materials, is entering the U.S. electric vehicle battery market. It will also push to supply parts to global automakers in the future.

Aluko announced on the 26th that it has signed a contract to supply a module case protect frame, a core component of electric vehicle batteries, worth a total of $601.4 million (about 800 billion won) for five years from 2026 to 2030 to Blue Oval SK LLC through its subsidiary Alu Materials America Inc. aluminum extrusion profiles t slot

Blue Oval SK LCC is a local U.S. corporation jointly invested by SK On and Ford Motor Company of the United States. With this contract, Aluko Group's supply contract for material parts related to electric vehicle batteries has amounted to $1.16 billion (about 1.55 trillion won). The company plans to disclose such information through the investment disclosure of subsidiary corporations.

"The electric vehicle battery module case protect frame manufactured by Alumaterials America, which is established in the U.S., can be produced locally in the U.S. one-stop from extrusion production of aluminum to processing and assembly," an Aluko official said. "It is expected to benefit from being recognized as an item that satisfies the production tax credit (AMPC) standard under the U.S. Inflation Reduction Act (IRA)."

The module case protect frame is a structural device that protects cells in electric vehicle batteries. Aluko announced on the 25th that it has acquired a 100% stake in Alumaterials Inc. to benefit from AMPC under the U.S. Inflation Reduction Act (IRA).

According to the company, Alumaterials America, a subsidiary of Aluko, has recently been able to escape from measures to impose anti-dumping tariffs on extruded products in the United States, laying the groundwork for a stable supply of electric vehicle battery parts in the United States.

"Aluko Group, which has ultra-precise extrusion technology in solar module frames including various battery parts of electric vehicles, will serve as an opportunity to become a global company leading the change in the electric vehicle battery market," a company official said.

Aluko recently signed an end plate supply contract with LG Energy Solution to protect battery cells and modules, and is speeding up its order expansion. The end plate is a part that minimizes battery deformation and acts as a primary protective film for fire and explosion.

Aluko is evaluated to have established state-of-the-art facilities in Korea as well as in the United States, Vietnam, India, and Hungary to mass-produce industrial high-tech parts such as solar power module frames, as well as parts related to electric vehicle battery module cases.

An Aluko official said, "Based on the aluminum ultra-precise extrusion technology and cutting-edge industrial parts manufacturing know-how, we will further expand our business areas of various electric vehicle parts, including electric vehicle battery module case protect frames, and solar power module frames to grow into a global aluminum material parts company."

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Aluko, a company specializing in aluminum parts and materials, is entering the U.S. electric vehicle.. - MK