In China, the company has laid the groundwork for another battery factory to keep up with competitors like Panasonic, as well as CATL, LG Chem and Samsung SDI. SK Innovation has chosen Changzhou, Jiangsu Province, as the location for its own battery cell factory. The factory will be able to produce batteries with a total capacity of 7.5 GWh per year. We’re talking about 150.000 units of electric cars that can be equipped with these 50 kWh batteries.
SK Battery Hungary is expected to be an important bridgehead for expanding the South Korean company’s business into the European market. The chances are not that bad: Audi, for example, wants to produce some of its electric car models and all the electric motors for its Stromer in Hungary. The Japanese car and motorcycle manufacturer Suzuki and the German supplier Continental are also not far from the new factory.
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