Tag: SK Innovation

Jul 20, 2021 - 05:31 pm

SK Innovation subsidized for Hungarian battery plant

The South Korean battery cell manufacturer SK Innovation received a subsidy of 90 million euros from the Hungarian government for its second plant in the country. The prerequisite was that the EU Commission give the green light for the state aid, which has now happened.

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Jul 6, 2021 - 01:01 pm

SK Innovation considers going public with battery business

SK Innovation has announced its intention to expand its production capacity to over 500 GWh by 2030. As part of its new strategy ‘From Carbon to Green’, the company, which was founded as an oil refinery, wants to invest heavily in the battery business, possibly also with external investors.

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Jun 14, 2021 - 11:08 am

Polestar and SK consider EV development alliance

Electric car manufacturer Polestar is exploring a wide-ranging alliance with South Korean conglomerate SK to advance the development of electric cars. The possible collaboration also includes a potential supply of SK batteries for upcoming Polestar vehicles.

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Jun 7, 2021 - 11:27 am

LG & SKI show increased battery sales for Q1 2021

Increasing battery sales are reflected in the balance sheets of the Korean battery cell manufacturers LG Energy Solution and SK Innovation. In the first quarter of 2021, both groups posted a year-on-year increase in sales of 88 and 80 per cent, respectively.

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May 21, 2021 - 12:11 pm

Ford & SKI to launch battery joint venture

Ford and SK Innovation have agreed to set up a joint venture to produce battery cells and modules for use in the US carmaker’s electric vehicles. The joint venture, called BlueOvalSK, aims to have an annual production capacity of 60 GWh.

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Apr 29, 2021 - 01:37 pm

Kia & SK Innovation plan circular EV battery economy

In South Korea, Kia Motors and SK Innovation have joined forces to build a circular economy for electric vehicle batteries. This involves the follow-up use of end-of-life electric car batteries as stationary energy storage units as well as the recycling of materials such as lithium, nickel and cobalt.

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Apr 12, 2021 - 11:31 am

SK Innovation & LG Energy Solution settle US legal battle

South Korean battery cell manufacturers SK Innovation and LG Energy Solution have reached a settlement in their year-long legal dispute. Both companies agreed to stop all legal proceedings in the US and South Korea and to refrain from suing each other for the next ten years.

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Mar 29, 2021 - 02:38 pm

SK Innovation to build two new battery plants

SK IE Technology has decided to build two new Polish plants for separators used in electric car batteries. The subsidiary of South Korean battery cell manufacturer SK Innovation is already building two plants in Poland, with construction of plants 3 and 4 scheduled to begin in the third quarter of 2021.

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Feb 3, 2021 - 05:24 pm

SK Innovation notes record sales growth over 2020

SK Innovation turned over 1.61 trillion won, the equivalent of around 1.2 billion euros, with its battery business in 2020. Compared to 2019, sales more than doubled, but the battery business still left a bottom-line loss of 426.5 billion won (318 million euros) in 2020 – due to investments.

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Jan 29, 2021 - 03:59 pm

SK Innovation plans 3rd European battery cell factory

SK Innovation has decided to build a third battery cell factory in Europe. Like the first two European production facilities for battery cells, the Korean company will set up shop in Hungary, specifically in Iváncsa, 50 kilometres southwest of Budapest.

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Jan 24, 2021 - 09:20 pm

SK Innovation battery swapping scales up in China

The South Korean company SK Innovation is entering the battery replacement technology business in China. This has been made possible by a strategic investment in the company specialised in battery swapping called Blue Park Smart Energy (BPSE) that is a subsidiary of the BAIC Group.

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Oct 26, 2020 - 04:41 pm

SK Innovation’s new quick-charge cells for 2021

SK Innovation has announced new battery cells that will enable electric cars to cover a distance of 500 miles or 800 kilometres with two 10-minute quick charge stops. In addition, a cathode with a higher nickel content is expected to go into series production shortly.

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Sep 22, 2020 - 06:45 pm

SK Innovation hires personnel for new US plants

SK Innovation has announced that it will hire more than 1,000 skilled workers by the end of 2021 in preparation for its first of two battery cell factories in the US. Both plants will be in the state of Georgia and produce cells for more than 300,000 electric vehicles per year.

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Sep 9, 2020 - 02:37 pm

Good year for South Korean battery production

South Korean electric vehicle battery manufacturers more than doubled their market share between January and July 2020. In general, the market contracted by 16.8 per cent from 64.1 to 53.3 GWh capacity during the first seven months of the year due to corona.

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Sep 8, 2020 - 01:46 pm

Hyundai & SK Innovation cooperate on battery eco-system

Hyundai Motor Group and SK Innovation have agreed to work together to develop a sustainable ecosystem for electric vehicle batteries. The cooperation of the South Korean companies will include various business areas not directly related to cell manufacturing.

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Aug 31, 2020 - 01:28 pm

The Korean battery giants battle on

After a preliminary ruling in favour of LG Chem was issued in the U.S. regarding the legal dispute between the South Korean battery manufacturers LG Chem and SK Innovation, the legal dispute between the two companies continued in South Korea – and a ruling has been made.

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Aug 13, 2020 - 11:05 am

VW is building a high voltage lab in Chattanooga

Volkswagen has begun to expand its Chattanooga plant in the USA in preparation for the production of the VW ID.4 before series production begins in 2022. The expansion not only applies not only to the assembly of electric cars but also to the development of new electric models.

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May 5, 2020 - 01:29 pm

BAIC brand Arcfox launches debut BEV in China

The first series-production electric car from Arcfox, a dedicated EV brand by BAIC BJEV, is now going on sale in China. The Arcfox Alpha-T is a large electric SUV with premium standards and a range of over 650 kilometres.

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Feb 17, 2020 - 03:10 pm

LG Chem & SK Innovation battle over US battery supply

The US Trade Commission (ITC) has given a preliminary ruling on the legal dispute between the two South Korean battery manufacturers LG Chem and SK Innovation in the USA. The ITC has ruled in favour of LG Chem, and a final decision is expected by 5 October.

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Jan 10, 2020 - 04:35 pm

SK Innovation to expand in Hungary and the USA

South Korean battery cell manufacturer SK Innovation apparently wants to further increase its production capacities in the USA and Hungary to meet rocketing demand for EV batteries. There is also talk of a joint venture with Volkswagen.

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Dec 23, 2019 - 01:45 pm

SK Innovation to supply Hyundai electric cars

SK Innovation will become the exclusive battery cell supplier for Hyundai Group electric cars – specifically for the first model based on the Electric-Global Modular Platform (E-GMP), which is to roll off the assembly line from 2021.

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Dec 10, 2019 - 02:24 pm

SK Innovation opens battery factory in China

SK Innovation has opened its battery cell factory in China, the construction of which the South Korean manufacturer started in August 2018. In addition to the China Model 3 with LG Chem cells, a car with cells from SK Innovation has now also landed on the Chinese government’s coveted subsidy list.

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Found on electrive.com
https://www.electrive.com/2021/07/20/sk-innovation-subsidized-for-hungarian-battery-plant/
20.07.2021 17:01