Mexican Media Brands
Report: SKI Plans 2nd EV Battery Plant in China
South Korea’s SK Innovation Co. plans to construct a $1.1 billion battery plant in Yancheng, China.
#hybrid
Share
South Korea’s SK Innovation Co. plans to construct a $1.1 billion battery plant in Yancheng, China.
Business Korea says the facility is expected to primarily supply a new Kia Motors Corp. joint venture factory in Yancheng. That plant, which is co-owned by Kia, Dongfeng Motor and Yueda Group, will focus on electrified vehicles.
Last year SKI broke ground on its first battery plant in China. Located in Changzhou, the $744 million facility has an annual capacity of 7.5 GWh. SKI also is adding battery sites in the U.S. and Hungary.
Formed in 2005, SK is Korea’s largest oil refiner. The company launched its battery business in 2008.
RELATED CONTENT
-
On The Jeep Grand Cherokee, 2022 Nissan Pathfinder, and More
An inside look at the Detroit Assembly Complex-Mack; a innovative approach to waste-free, two-tone painting; why a forging press is like an F1 car; and other automotive developments.
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
On Zeekr, the Price of EVs, and Lighting Design
About Zeekr, failure, the price of EVs, lighting design, and the exceedingly attractive Karma
