# LS C&S and HAI to form JV for EV aluminum components

LS Cable & System and Austria's Hammerer Aluminium Industries signed an agreement to invest 67.5 billion won ($53 million) in a joint venture to produce battery cases and other EV aluminum components, with production starting in 2025.

- Type: Partnership
- Announced: 2023-02-10
- Where: Seoul, South Korea
- Value: $53.0M (67.5B KRW)
- Status: announced
- Products: battery cases, EV aluminum components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [LS Cable & System](https://endata.com/companies/21025.md)
- [LS Cable & System](https://endata.com/companies/21025.md) (partner)
- [Hammerer Aluminium Industries](https://endata.com/companies/29987.md) (partner)

## Sources

- [koreatimes.co.kr](https://www.koreatimes.co.kr/business/companies/20230210/ls-cs-joins-hands-with-hai-to-produce-aluminum-components-for-evs), 2023-02-10: "LS Cable & System (LS C&S) and Austria's Hammerer Aluminium Industries (HAI) signed an agreement to invest a combined 67.5 billion won ($53 million) in their establishment of a joint venture that will start the production of battery cases and other electric vehicle (EV) components made with light-we"
- [hai-aluminium.com](https://www.hai-aluminium.com/en/2023/02/hai-and-the-korean-company-ls-cs-establish-joint-venture/), 2023-02-16: "With this joint venture, we can strengthen our focus on the production of highly complex aluminium components for electric mobility while serving the Korean markets locally."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.