News

World news Bookmark and Share

27.11.2018 14:23
South Korea's SK Innovation to build its first EV battery plant in the USA
AUTHOR: publics.bg


  • © Skinnovation.com

South Korea’s SK Innovation said on Monday it will spend 1.14 trillion won to build its first electric vehicle battery plant in the United States to better compete in the global EV battery market, Reuters reports.

The plant will have an annual capacity of 9.8 gigawatt-hours of batteries. SK Innovation will begin construction in the southeast state of Georgia in early 2019, with production targeted for 2022, the company said in a statement.

Last month, SK Innovation said it was considering building an EV battery plant in the United States to win customers in one of the world’s top markets for electric vehicles.

SK Innovation, currently supplies its batteries to several global automakers, including Daimler and Hyundai Motor, but it does not have any clients from the US.

“SK Innovation has been actively looking for a production base to secure competitiveness in the battery business in the major global market,” Kim Jun, chief executive of SK Innovation, was cited as saying in the statement.

“With our business in the hub of the global auto industry, we will grow as a top player in the battery business,” he said.

SK Innovation operates battery plants in South Korea and has plans to build battery plants abroad, including in Hungary and China.

Additionally in October, the company said it plans to invest 400 billion won in a plant to produce key EV battery parts in China.


TAGS: south korea | electric vehicles | battery | us | investment | sk innovation | hungary | china 


All world news

No published comments
Login to comment


Interview

17.09.2020  Boyana Achovski, General Secretary of the international organization Gas Infrastructure
In both short and long term, gas will continue being part of the energy mix of Southeastern Europe
Full text

Events

No records in this category!

Poll

Which is the fuel of the future?










 



We use cookies to ensure we give you the best browsing experience on our website. Find out more on how we use cookies and how you can change your settings.

Cookies

What are cookies ?

A cookie is a small text file that a website saves on your computer or mobile device when you visit the site. Cookies are widely used in order to make websites work, or work more efficiently, as well as to provide information to the owners of the site.

How do we use cookies?

Website use Google Analytics, a web analytics service provided by Google, Inc. ("Google") to help analyse the use of this website. For this purpose, Google Analytics uses"cookies", which are text files placed on your computer.

The information generated by the cookies about your use of this website - standard internet log information (including your IP address) and visitor behaviour information in an anonymous form - will be transmitted to and stored by Google including on servers in the United States. Google will anonymize the information sent by removing the last octet of your IP address prior to its storage.

According to Google Analytics terms of service, Google will use this information for the purpose of evaluating your use of the website and compiling reports on website activity.

We not use, and not allow any third party to use the statistical analytics tool to track or to collect any personally identifiable information of visitors to this site. Google may transfer the information collected by Google Analytics to third parties where required to do so by law, or where such third parties process the information on Google`s behalf.

According to Google Analytics terms of service, Google will not associate your IP address with any other data held by Google.

You may refuse the use of Google Analytics cookies by downloading and installing Google Analytics Opt-out Browser Add-on. The add-on communicates with the Google Analytics JavaScript (ga.js) to indicate that information about the website visit should not be sent to Google Analytics.

Cookies are also used to record if you have agreed (or not) to our use of cookies on this site, so that you are not asked the question every time you visit the site.

Google Analytics Opt-out Browser Add-on

How to control cookies?

You can control and/or delete cookies as you wish. You can delete all cookies that are already on your computer and you can set most browsers to prevent them from being placed.

All about cookies

Managing cookies in your browser

Most browsers allow you to:
  • see what cookies you have got and delete them on an individual basis
  • block third party cookies
  • block cookies from particular sites
  • block all cookies from being set
  • delete all cookies when you close your browser

If you chose to delete cookies, you should be aware that any preferences will be lost. Also, if you block cookies completely many websites (including ours) will not work properly and webcasts will not work at all. For these reasons, we do not recommend turning cookies off when using our webcasting services.
X