November 15, 2016 10:05
SK Innovation announced Monday it will build another plant to produce batteries for electric vehicles in Seosan, South Chungcheong Province.
SK will invest W210 billion in the second plant, which will be situated next to the existing one (US$1=W1,176).
When construction is completed in the first half of 2018, SK will be able to produce 1.8 gigawatt hours of batteries from the two plants, which is enough for 70,000 electric vehicles a year.
In February, SK signed a contract with Mercedes-Benz to supply batteries for its electric vehicles released from 2017.
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