SK Innovation has confirmed that its first EV battery plant in China is completed. A completion ceremony was held in Changzhou in the eastern Chinese province of Jiangsu and was attended by SK Innovation's and Beijing Automotive Group and Beijing Electronics executives and more than 500 guests. SK Inno holds 49% stake in the plant, dubbed BEST, and the rest is owned by the Beijing Automotive Group and Beijing Electronics. This plant is SK Inno's first EV battery facility outside South Korea. Its annual production capacity is 7.5GWh, which is enough to supply batteries for 150,000 EVs. The batteries produced in this plant will have nickel-cobalt-manganese cathodes, with supplies expected to start in early 2020, according to SK Innovation. Yesterday, the company confirmed a contract with Glencore for cobalt deliveries. Coupled with the 4.7GWh plant of the company in South Korea, the new plant will boost SK Inno's overall production to 12.2GWh per year. The third factory in Hungary with a 7.5GWh annual production is also nearing completion. Source

Hyundai and SK Innovation agree to cooperate in the field of EV batteries including leasing Two months ago, the chiefs of Hyundai and SK Innovation met to discuss possible cooperation in the EV market. Obviously, the two companies have reached a level of agreement. More specifically, they have agreed to cooperate in the development of a sustainable ecosystem for EV batteries, which includes battery sales solutions, battery management service and battery reuse, and recycling. To enable cooperation, both...

SK Innovation will work with Nobel laureate Prof. John B Goodenough on solid-state batteries SK Innovation announced that it will work together with the Nobel laureate Prof. John B Goodenough from the University of Texas in Austin on researching solid-state electrolytes for lithium-metal batteries. The goal is to achieve a product with increased energy density for longer range, more compact battery size, and improved battery safety. The company is convinced that this collaboration will contribute greatly to...

BMW will receive EV batteries from EVE Energy EVE Energy is a joint venture partner of SK Innovation in China. Under the joint venture, the two companies are building the Blue Sky United Energy plant for EV batteries in Yancheng. It is projected to have an annual production rate of 20-25GWh. Recently, EVE Energy company has announced that it will supply EV batteries to BMW. For BMW Brilliance - the automakers' joint venture in China, batteries will come from...

SK Innovation started the construction of its second EV battery plant in the USA Various Korean media report that the SK Innovation has started the construction of its second EV battery plant in the USA. The site is located in Jackson County, Georgia. The initially planned inauguration event was canceled due to the state of an emergency caused by the Covid-19 spreading. The annual production capacity of the second factory will be around 11.7GWh. Combined with the capacity of the first factory...

Hyundai Motor and SK Innovation chiefs meet to discuss cooperation in the EV market Yonhap and other South Korean news outlets report that the chiefs of Hyundai and SK Innovation have met to discuss future cooperation in the EV market. The Executive Vice Chairman of Hyundai Motor Group - Chung Euisun, and the Chairman of SK Group - Chey Tae-won have met to discuss cooperation on next-generation EV battery technologies, power management chips, and the battery-as-a-service (Baas) platform. The...

Hyundai Motor and LG Chem chiefs meet to discuss EV batteries Various South Korean news outlets announced today that the Executive Vice Chairman of Hyundai Motor Group, Chung Euisun, and the LG Group Chairman, Koo Kwang-mo, will meet next week to discuss electric vehicle battery business. According to industry sources, Chung will visit LG Chem's EV battery production site located in Cheongju, North Chungcheong Province, on Monday. LG Chem is already chosen to supply batteries...

SK Innovation became the fifth largest EV battery supplier in April In April 2020, SK Innovation entered the global Top 5 in the EV battery market for the first time. SK Innovation said that according to SNE Research, the company had a 3.5% market share by supplying 189.1 MWh of batteries. Samsung SDI was sixth with 3.4% market share by deploying 187.2 MWh in April. LG Chem was second with 18.2% market share and 988.1 MWh deployed. In the January-April period, LG Chem, Samsung SDI...

SK Innovation establishes a global EV batteries production base SK Innovation is accelerating the expansion of electric vehicle battery production capacity in order to establish a stable supply base in line with the explosive growth of electric vehicles expected in the post-Corona 19 era. The company's strategy includes expanding its production plants over the globe and promoting the establishment of joint ventures with local automakers. According to recent industry and market...

Volkswagen has initialized its TR5 project for EV battery supplies The Elec reports confirmed information that Volkswagen has sent letters of intent (LOI) to battery makers to buy batteries for its MEB platform. LG Chem, Samsung SDI, SK Innovation, and CATL have expressed their intention to participate in this project, which was named TR5. The industry estimates that the total costs will be around EUR 14.6 billion, which is in line with the European volume of the TR2 project. Up to...

SK Innovation is aggressively expanding its EV battery business and market share SK Innovation is accelerating its EV Battery business post-Covid-19 crisis. It is continuing to expand its global production base by winning contracts for supplying batteries to global automakers. At the end of April this year, SK Innovation decided to invest in the US to build a second battery factory. In 2017, SK Innovation had an annual production capacity of 1.7 GWh. It expanded to 4.7 GWh at the end of 2018 due...

LG Chem takes the first place in global EV battery deployment LG Chem finally took the top spot in the global electric vehicle (EV, PHEV, HEV) battery usage ranking according to the sales in the first quarter of 2020. Samsung SDI and SK Innovation ranked 4th and 7th respectively. In the first quarter of 2020, the total battery energy of electric vehicles registered in vehicles around the world was 20.4 GWh, down 14.2% from the same period last year. This is due to the slowdown...

SK Innovation will supply NCM811 batteries to BAIC's Mark 5 EV Yonhap reports that SK Innovation will supply the BAIC Mark 5 EV with NCM811 batteries. The two companies already cooperated with the creation of the BEST joint venture for an EV battery in Changzhou, China. SK Inno's NCM811 batteries for the Mark 5 EV will be produced precisely at Changzhou. The model will be released in the second half of the year with a driving range of 400-500 kilometers. BEST's annual...

SK Innovation uses Autowell equipment for its Georgia, US plant SK Innovation increases its cooperation with Chinese companies in the field of EV batteries production. The latest reports from Korea say that the company has chosen Autowell, which is based in China, to ensure equipment for its battery assembly modules in SK Innovation's US plant in Georgia. It will also include logistics automation equipment. Autowell has supplied equipment to companies in China mainly - such as...