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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