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SK Innovation

SK Innovation battery project targets US automotive market

Mon, 12/03/2018 - 00:00 -- Hugh Finzel
Governor Nathan Deal

SK Innovation plans to invest 1.98 trillion South Korean won (US$1.01 billion) to establish an electric vehicle (EV) batteries production base in Jackson County, Georgia as they look to establish themselves in the US, “the largest battleground of global automakers”.

The plant will be built on a 278-acre site in Commerce City and is expected to have an annual production capacity of 9.8 gigawatt-hours.

The announcement confirms speculation of such a project reported earlier this year.

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VW adds SK Innovation to battery cells suppliers group

Mon, 11/19/2018 - 00:00 -- John Shepherd
VW modular electric toolkit

Volkswagen has expanded its Asian network of electric vehicle battery suppliers to include South Korean manufacturer SK Innovation (SKI).

VW’s board member for procurement, Dr Stefan Sommer, said SKI would supply batteries along with South Korean peers LG Chem and Samsung, plus China’s Contemporary Amperex Technology (CATL). 

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SK Innovation to build EV batteries in US?

Mon, 10/08/2018 - 00:00 -- Hugh Finzel
SK innovation

South Korean energy and chemical company SK Innovation (SKI) is reportedly considering building an electric vehicle battery plant in the US, but is staying tight-lipped on details.

The announcement follows President Donald Trump’s order of a ‘Section 232’ investigation that could lead to the US slapping a 25% import tariff on automobile parts brought into the US. 

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SK Innovation ‘building first China battery plant’

Tue, 08/28/2018 - 12:10 -- John Shepherd

SK Innovation has reportedly started building its first battery cells giga plant in China – with the goal of establishing a production “triangle” encompassing China, Korea and Europe.

The South Korea-based company, whose businesses include oil refining and chemicals, told local media it had started preparing the site for the new factory in Changzhou, Jiangsu Province.

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Doosan follows Korean battery firms to Hungary with copper foil plant

Tue, 07/10/2018 - 12:11 -- Xuan Zhong
Doosan follows Korean battery firms to Hungary with copper foil plant

The Doosan Corporation has become the latest Korean player beating a path to Hungary to compete for a slice of Europe’s electric vehicle battery components business.

The company is to start building a battery-grade copper foil manufacturing plant in Tatabánya, northwestern Hungary this year— and begin producing 50,000 tons of the material annually from mid-2019.

 

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Seoul presses Beijing on ‘fair deal’ for battery makers

Wed, 05/30/2018 - 09:17 -- John Shepherd
Seoul presses Beijing on ‘fair deal’ for battery makers

South Korea has called on China to ensure “a fair business environment” for battery manufacturers to compete for business across the two countries. 

South Korea’s trade minister Paik Un-gyu (pictured) made the plea during a meeting with his Chinese counterpart Miao Wei in Seoul, the Yonhap news agency reported.

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Korea plea to China over battery subsidies

Mon, 02/12/2018 - 10:29 -- John Shepherd
Korea plea to China over battery subsidies

Seoul has confirmed it is in direct talks with China aimed at patching up a trade row that led Beijing to slap sanctions on the use of South Korean batteries.

As BBB reported last week, signs that the two countries were attempting to bury the batteries hatchet emerged as South Korean and Chinese firms formed two joint ventures to produce lithium-ion battery materials from bases in China.

 

 

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Korean battery makers line up in Europe

Tue, 12/05/2017 - 11:15 -- News Editor
Korean battery makers line up in Europe

Further evidence of a Korean “land grab” of future European EV markets came last week with SK Innovation's announcement that it plans to invest around KRW1 trillion ($920 million) to build an electric vehicle (EV) battery plant in Hungary and to expand production facilities for EV batteries in South Korea.

The battery maker said it would set aside KRW840 billion for the Hungary plant, which it will start building in February. By 2020, the plant will be capable of producing 7.5GWh of batteries each year.

 

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South Korea plans Li-on push in face of China sanctions

Mon, 09/18/2017 - 11:46 -- News Editor
South Korea plans Li-on push in face of China sanctions

South Korea is backing plans by the country’s battery giants to inject a total of KRW2.3 trillion ($2.3 billion) into the sector over the next three years, to expand production and challenge China’s increasing dominance of the market.

The move, led by battery giants LG Chem, Samsung SDI and SK Innovation Companies is in response to Chinese sanctions the firms say effectively block the use of South Korean batteries in electric vehicles in China.

 

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SK ‘adds nickel to batteries’ for extended EV range

Wed, 09/06/2017 - 16:48 -- News Editor
SK ‘adds nickel to batteries’ for extended EV range

South Korean tech giant SK Innovation is reportedly launching commercial production of new batteries with higher nickel content to extend the distance electric vehicles can travel between charges.

According to Reuters, SK said it has developed a new range of NMC lithium-ion batteries composed of 80% nickel, 10% cobalt and 10% manganese— instead of current units with a nickel content of around 60%.

 

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