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SKI's capacity reaches 17.3GWh in 2022 driven by strong NEV demand in EU

Large  Small Date:2020-09-09  From:ICC
Note: SK Innovation is considering building its third battery plant in Hungary to meet growing demand for EV batteries amid the global race for zero-emissions cars.
SK Innovation is considering building its third battery plant in Hungary to meet growing demand for EV batteries amid the global race for zero-emissions cars.
 
Total production capacity of SK Innovation would reach 17.3GWh in 2022 in Hungary.Currently, SK Innovation runs a plant with an annual capacity of 7.5 GWh in Hungary. 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.
 
According to ICCSINO, SK Innovation purchased some NCM622 and NCM811 cathode for its European factory from Chinese enterprise. That means SK Innvation is pexpected to produce high nickel batteries in Hungary. Another battery enterprise LG Chemical mainly produces Nickel 65 batteries in Poland. Therefore currently NCM 622 technology is still mainstream routine in EU. 
 
With decent subsidy policy stimulates NEV market, ICCSINO estimates that European high nickel development might be in rapid channel compared with Chinesze market. Since European union has demand for endurance mileage of new energy vehicles. Furthermore, there were some fire incident in China 2020. High nickel is speculated of its safety performance. Thus Chinese high nickel development might be slower in 2020-2021. ICCSINO estimates that Chinese NCM 811 & NCA proportion in NCM market would be around 30% in 2020.

 
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