Mexican Media Brands
SK Innovation Seeks Battery Ventures with VW, Chinese Partners
South Korea’s SK Innovation is in talks with Volkswagen and unnamed Chinese partners to set up ventures to make batteries for electric cars, Reuters reports.
#hybrid
Share
South Korea’s SK Innovation hopes to launch separate ventures with Volkswagen and unnamed Chinese partners to make batteries for electric cars, Reuters reports.
YS Yoon, president of SKI’s battery business, confirms talks with VW and tells Reuters the company is very close to a deal to open a second plant in China.
SKI is a relative latecomer to the EV battery market. But it has been outspending its rivals with an aggressive 4.5 trillion-won ($4 billion) plan to multiply its capacity more than tenfold by 2022.
The company broke ground last August for its first Chinese plant, a $744 million venture involving BAIC Motor and Beijing Electronics Holding. In December SKI announced a $1.7 billion battery factory project in the U.S. In February it revealed plans for a $751 million second battery plant in Hungary.
RELATED CONTENT
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
On Traffic Jams, Vehicle Size, Building EVs and more
From building electric vehicles—and training to do so—to considering traffic and its implication on drivers and vehicle size—there are plenty of considerations for people and their utilization of technology in the industry.
-
Honda to Make Hybrids in Thailand
Honda Motor Co. is preparing to launch production in Thailand of hybrid cars and the batteries that help power them.
