Doosan Bobcat has announced it signed a Memorandum of Understanding (MOU) with LG Energy Solution for collaboration of standardized battery packs solution for compact construction equipment
Doosan Bobcat and LG Energy Solution have announced the companies have signed a Memorandum of Understanding (MOU) for the development of battery pack solutions for compact construction equipment.
On July 11, Doosan Bobcat announced plans to merge with Doosan Robotics, however the OEM is now backing down from that plan, according to a letter to Doosan Bobcat shareholders.
It's "a move aimed at prodding Bobcat to take an active role in expanding Doosan Group's business through M&As, for which Doosan Group is willing to spend several billion dollars."
According to an Oct. 5 report from The Korea Economic Daily, Daedong Industries — which goes by Kioti in North America — will supply Doosan Bobcat with multi-cylinder diesel engines for the next 5 years.
Doosan Bobcat, Inc., a company within Doosan Group, has announced its global branding strategy to create business and growth opportunities for the Doosan Bobcat product portfolio.
According to Doosan Bobcat's 3Q22 earnings report, the manufacturer brought in $1.8 billion in revenue in its third quarter 2022, up 33.2% year-over-year.
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