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SK Innovation pushes for 3rd EV battery plant in Hungary

Large  Small Date:2020-09-08  From:yna
Note: SEOUL, Sept. 7 (Yonhap) -- SK Innovation Co., a South Korean manufacturer of electric vehicle (EV) batteries, is considering building its third battery plant in Hungary to meet growing demand for EV batteries amid the global race for zero-emissions cars.

SEOUL, Sept. 7 (Yonhap) -- SK Innovation Co., a South Korean manufacturer of electric vehicle (EV) batteries, is considering building its third battery plant in Hungary to meet growing demand for EV batteries amid the global race for zero-emissions cars.

"We have launched certain processes, such as looking for a candidate site" for the proposed plant, SK Innovation said in a statement.

Currently, SK Innovation runs a plant with an annual capacity of 7.5 gigawatt-hours (GWh) in the northwestern Hungarian city of Komarom.

SK Innovation has also been working to complete its second plant with a capacity of 9.8 GWh, next to the first plant, by 2022.

Komarom is home to assembly lines of German carmaker Audi and is not far from a plant of another German automaker, Daimler AG, which owns Mercedes-Benz.

The EV battery market has been on a roll as global automakers race to go electric due to tightened regulations on greenhouse gas emissions, which scientists say are to blame for global warming.
 
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