Korean firm SK Innovation has expanded its manufacturing plant to ramp up its lithium-ion battery production.
The company, the energy holding unit of SK Group, has doubled its battery plant in Seosan, South Chungcheong Province, to produce batteries for electric vehicle OEMs.
The plant’s capacity has gone from 300 to 700 Mwh to fulfill its target quotas.
CEO Chung Chul-khil said earlier this year the company would focus on developing next-generation lithium-ion battery cells with higher energy capacity and concentration.
The Korean energy firm is also expected to further step up production after reportedly having sealed a deal with a major European automaker to develop car batteries to be placed in its EVs from 2016.