| 10:07 AM EST

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. 
#Dongfeng #asia #Kia

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

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

  • Insight: The Toyota Product Development System’s Implementation Challenges

    For conducting business in the U.S. market, Toyota has historically had several separate business entities: a sales and distribution company headquartered in California (Toyota Motor Sales, USA); manufacturing operations (Toyota Motor Manufacturing North America); a racing subsidiary (Toyota Racing Development, USA); the Toyota Technical Center for R&D in Ann Arbor; and a design facility in California (Calty Design Research, Inc.). On April 1, 2006, Toyota merged its R&D operations and its manufacturing operations into a single company.

  • Ford Makes an Astounding Achievement

    Ford has made an accomplishment that will never be bested, never even be tied.

  • 2019 Lexus ES 350 Introduced

    The Lexus ES sedan is more than just an offering within the company’s lineup.