The South Korean battery cell manufacturer SK Innovation plans to issue a $1 billion green bond to finance the expansion of its production capacity in the US which amounts to around 810 million euros.
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SK IE Technology, a subsidiary of SK Innovation, has commissioned a new factory for lithium-ion battery separators in Changzhou, China. It is the first separator plant outside Korea for the Group.
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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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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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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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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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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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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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SK Innovation has announced that it is working with Professor John Goodenough to develop next-generation battery technology. This will involve a special electrolyte for lithium metal batteries.
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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.
Weiterlesen 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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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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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.
Weiterlesen 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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SK Innovation, the South Korean battery cell manufacturer, has signed a six-year contract with Glencore for the purchase of up to 30,000 tonnes of cobalt. The deal is intended to enable the supply of batteries for three million electric cars.
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South Korean battery giants LG Chem and SK Innovation are each trying to sue each other in bitter court disputes in both the USA and South Korea about alleged patent infringements. Now their spat is threatening to disrupt the launches of electric vehicles in the US by some of the world’s largest carmakers. Even the […]
Weiterlesen The South Korean battery cell manufacturer SK Innovation has established a joint venture with the Chinese battery specialist EVE Energy to set up its second production facility in China for electric car batteries. CATL is also planning another factory.
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According to the New York Times, with its MEB platform, VW has already achieved costs of less than 100 US dollars per kilowatt-hour for the batteries in ID.3 due to economies of scale, years before expected. At the same time, VW negotiations with battery maker SK Innovation look shaky.
Weiterlesen The legal battle between the South Korean battery manufacturers LG Chem and SK Innovation is heating up in the USA. After LG Chem had sued their competitor from Korea, SK Innovation has now turned the tables and launched a counter-suit for patent infringement.
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SK Innovation has borrowed $657 million from banks in the US, Europe and China to invest more in its production facilities for electric car battery cells and lithium-ion battery separators.
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The US-owned subsidiary of the South Korean battery cell manufacturer LG Chem has filed two lawsuits in the USA against its South Korean competitor SK Innovation. The accusation: Employees hired by LG Chem are said to have disclosed business secrets of the company.
Weiterlesen SK Innovation has announced the construction of a new battery separator plant in Poland. The South Korean company is investing 335 million euros to build four production lines for lithium-ion separators (LiBS) and three more for ceramic coated separators (CCS) in the Polish province of Silesia.
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Shortly after the start of construction of SK Innovation’s second battery cell factory in Hungary, the official ground-breaking ceremony for the South Korean manufacturer’s first US plant in the state of Georgia took place.
Weiterlesen The South Korean manufacturer SK Innovation announces the construction of another factory for battery cells in Hungary. The ground-breaking ceremony will take place in March this year in Komárom, where SK Innovation started building its first Hungarian battery factory a year ago.
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Volkswagen’s presumed plans to enter the mass production of battery cells for electric cars with the support of its Korean partner SK Innovation are apparently being torpedoed by the other cell suppliers who have been active for Volkswagen to date.
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The Chinese battery cell manufacturer CATL has updated the plans for its German battery factory in Erfurt, giving it a boost. The reason for this is the coming of stricter CO2 requirements in Europe. CATL considers a capacity of up to 100 GWh in Thuringia to be realistic. Our colleagues from electrive.net talked to Matthias […]
Weiterlesen The first U.S. battery cell factory of the South Korean manufacturer SK Innovation, which was announced in November, could prove far more extensive than originally planned. SK Innovation is considering investing up to an additional 5 billion dollars in the factory in the U.S. state of Georgia.
Weiterlesen The battery cell manufacturer SK Innovation plan to increase their global battery cell manufacturing capacity more than ten-fold over the next four years. The news broke only days after SK-customer Daimler announced that they plan to procure battery cells in a volume worth 20 billion euros by 2030.
Weiterlesen Korean battery cell manufacturer SK Innovation announces plans for its first factory for the electric vehicle market in the USA. SK earmarked about a billion dollars for the production facility in Georgia with construction to start in 2019.
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Germany’s Federal Minister for Economic Affairs and Energy, Peter Altmaier, wants to have about 30% of global battery production in 2030 take place in Europe. What this would entail in terms of factories is described below.
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