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20 03 2019 01

On 8 March, SK Innovation officially started the construction of its second battery cell factory in Hungary, announced at the end of February. Meanwhile, the ground-breaking ceremony for the U.S. cell factory in the state of Georgia is apparently taking place today.

The South Korean battery cell manufacturer is thus consistently continuing to expand its production capacity. SK Innovation intends to spend 10 billion dollars on investments in battery cells by 2025 in order to increase its capacity to around 100 GWh per year.

A few days ago, the ground-breaking ceremony was held for the second plant in Hungary. The cells are the third generation from SK Innovation. As early as 2017, the manufacturer had announced its intention to produce NCM cells whose cathodes are composed of nickel (80 per cent), cobalt (10 per cent) and manganese (10 per cent) in a ratio of 8:1:1:1. The construction of the second plant also goes hand in hand with long-term supply contracts with European auto manufacturers. In November, for example, VW selected the South Korean company as further cell suppliers. Mass production and first deliveries of the cells are scheduled to start as early as the beginning of 2020. When completed in 2022, the new plant will have an annual capacity of 7.5 GWh.

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