SK Innovation has broken ground for the construction of its battery cell facility in Hungary. Battery cells worth 7.5 GWh will eventually be made here. Production is to begin by 2020 in the 430,000 sqm facility.
SK Innovation has stayed almost on schedule since it first published its plans for a European production of battery cells last November.
The new facility in north-western Komárom will cost the Koreans 734m dollars. Production lines will start rolling by 2020 after construction is completed in late 2019. By 2022, the full capacity of 7.5 GWh is to be reached. That is nearly double the capacity of SK Innovation’s plant in Seosan, Korea, where annual capacity is 3.9 GWh.
Hungary has presented a unique opportunity to SK Innovation with Audi opting to build electric cars there as well (we reported). Furthermore, both Suzuki and Continental can be found close by. Most importantly, one of SK Innovation’s best customers, Daimler is of course based in Europe. The Koreans already make all the batteries for Mercedes’ PHEVs.