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SK Innovation has broken ground on a US$1.1 billion electric vehicle batteries production plant in the US state of Georgia.
The South Korean group said the plant would have an annual production capacity of around 60 gigawatt-hours of lithium-ion batteries annually by 2022— when full production is slated to start.
SK Group vice-chairman Choi Jae-Won said the facility— being built on a 278-acre site in Commerce City— would be completed in the second half of 2021 and help to strengthen Korean-US economic cooperation.
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