* SK Innovation held a groundbreaking ceremony in Komárom, Hungary, to build a factory to produce batteries for electric vehicles (EV) with a capacity of 7.5 GWh per year
It aims to begin mass production of third-generation EV batteries in early 2020
On March 8th (local
time), SK Innovation held a groundbreaking ceremony to build an electric vehicle
(EV) battery factory named ‘SK Battery Hungary’ in Komárom, Hungary.
About 300 representatives attended
in the ceremony, including Hungarian Minister of Foreign Affairs and Trade Szijjártó
Péter, Ambassador Choi Kyoo-sik of the Republic of Korea to Hungary, Vice
Chairman Chey Jae-won of SK Group and CEO Kim Jun of SK Innovation.
SK Innovation secured
430,000 m2 of site in Komárom for the factoryd on long-term contract
with European carmakers and began the construction of SK Battery Hungary last
month in the city of Komárom–Esztergom County at about 110 km northwest of
Budapest, the capital of Hungary. SK Innovation plans to invest a total of KRW
840.2 billion until 2022.
The batteries to be
produced in SK Battery Hungary will be third-generation EV batteries, which give
an EV 500km range with one charge. The company had announced in September, 2017
that it would start mass-producing of the world’s first medium-to-large NCM
(nickel:cobalt:manganese) pouches at a ratio of 8:1:1.
SK Battery Hungary is expected
to work as an important bridgehead for expanding its business area into the
SK Battery Hungary expects
to start mass-producing and supplying the batteries from early 2020. Once all
the production lines are installed, the factory’s production capacity will reach
7.5 GWh per year.
SK Innovation is currently
producing pouch type-batteries for EV at its Seosan battery factory in Korea, which
produces 3.9 GWh annually.