SK Pledges Massive Investment in U.S. Battery Plant

  • By Shin Eun-jin

    November 30, 2018 12:58

    SK Group is mulling investment of up to US$5 billion in a new automotive battery plant in the U.S., chairman Chey Tae-won said Wednesday.

    SK Innovation in a board meeting on Monday decided to build the plant in Jackson County, Georgia. It will be capable of producing 9.8 GWh of car batteries a year. It plans to break ground early next year with an aim to start production in 2022.

    The initial investment totals $1.6 billion, and the plant will employ 1,400 workers, but that could be increased to 6,000.

    Chey was speaking at the opening of SK Hynix' Washington office, where he told some 200 guests including Oklahoma Senator Jim Inhofe, representative Suzan DelBene and former U.S. Secretary of State Colin Powell that the company hopes to "grow together" with U.S. society.

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