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SK aims to take 30% of total battery market

Tue, 06/06/2017 - 10:02 -- Xuan Zhong
SK aims to take 30% of total battery market

South Korea’s SK Innovation aims to take nearly a third of the global battery market by 2025.

The company, which also owns an oil refinery and chemicals business, has ambitious plans to expand its battery production from 4.4% market share (1.1 GWh) last year to 10% by 2020 and 30% in eight years’ time – when the rapidly-growing electric car battery market is expected to be demanding a total of 300 GWh (up from 25 GWh in 2016).

 

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