K-Battery Enters Bangladesh: SMK Collaborates with Walton Group

Eco-friendly energy solution specialist SMK, led by CEO Kim Yoon-jae, is set to tap into the local market in collaboration with the Walton Group, often referred to as the 'Samsung Electronics of the Bangladeshi home appliance industry'. On the 4th, both parties signed a Memorandum of Understanding (MOU) at the Walton Group's headquarters in Dhaka, Bangladesh, for the 'installation of secondary battery manufacturing lines and the transfer of manufacturing technology'. Accordingly, SMK plans to establish a secondary battery manufacturing line in Bangladesh and disseminate Korean battery manufacturing technology in the local market.

Established in 1977, the Walton Group manufactures a variety of products ranging from home appliances like washing machines and smart TVs to IT products like desktops and smartphones. They operate over 1,100 sales outlets locally and export to over 40 countries worldwide. The conglomerate encompasses numerous subsidiaries in two main sectors, Walton Hi-Tech and Walton Digi-Tech. The collaboration with SMK is spearheaded by 'Walton Digi-Tech', chaired by S M Rezaul Alam.

The two companies have agreed not only on the installation of secondary battery manufacturing lines and the transfer of manufacturing technology but also to expand collaboration into the Battery Swap System (BSS) sector. They plan to produce exterior cases using mold and rolling technology, and to actively utilize Walton's SMT (Surface Mount Technology). As part of this collaboration, Walton Group will dispatch its engineers to SMK to provide technical training. A representative from SMK stated, "We will actively target the lithium-ion battery market, which has the most significant impact on the performance improvement of electric two-wheelers," adding, "Through this, we aim to lead the electric two-wheeler market in Bangladesh."

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