Mexican Media Brands
SK Innovation to Hike Battery Capacity Tenfold
South Korean battery maker SK Innovation Co., which supplies batteries for electrified vehicles to BAIC, Daimler and Volkswagen, says it will boost its output capacity more than tenfold by 2022.
#hybrid
Share
South Korean battery maker SK Innovation Co., which supplies batteries for electrified vehicles to BAIC, Daimler and Volkswagen, says it will boost its output capacity more than tenfold by 2022.
SKI already supplies batteries for electrified vehicles made by BAC, Daimler and Hyundai. Earlier this month the company announced it will open the first phase of a $1.7 billion battery plant in Georgia next year.
The supplier began construction in March for a battery-making factory in Hungary that will launch output in 2020 and eventually reach annual output capacity of 7.5 gigawatt-hours. Volkswagen AG also reportedly is in talks with SKI about a multi-billion-euro joint venture to make EV batteries.
The Seoul-based supplier tells reporters it expects its battery business will break even in 2020.
RELATED CONTENT
-
On Audi's Paint Colors, the Lexus ES 250, and a Lambo Tractor
From pitching a startup idea to BMW to how ZF is developing and using ADAS tech to a review of the Lexus ES 250 AWD to special info about additive at Toyota R&D. And lots in between.
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
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.
