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South Korea’s SK Innovation (SKI) is to build a second battery manufacturing plant in China in response to increasing global demand from the electric vehicle sector.
CEO Kim Jun (pictured) said the company intends to invest 579.9 billion Korean won (US$488 million) in the lithium-ion batteries project, which will be a joint venture with the Beijing Automobile Works Company— a subsidiary of the state-owned BAIC Group.
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