SK innovation

New data from a South Korean research firm shows that EV battery manufacturer CATL is once against the largest in the world by installed battery capacity. The company saw growth over 165% compared to 2020 and holds the title of world’s largest battery manufacturer for the fifth year in a row.

Battery manufacturer SK Innovation announced a memorandum of understanding and agreement to jointly develop and manufacture solid-state batteries for EVs using Solid Power’s proprietary electrolyte technology. The goal of the partnership is to validate Solid Power’s all-solid-state battery and electrolyte production processes and work together to further develop the technology.

Ford announced that it is getting into battery manufacturing by committing to a 60 GWh factory in the US as part of a joint venture with Korea’s SK Innovation.

Hyundai Motor Group just announced it has chosen both SK Innovation and CATL as battery suppliers for its E-GMP. The Asian battery manufacturers will provide the third batch of lithium-ion battery cells for Hyundai’s electric vehicles launching after 2023. Both CATL and SK Innovation are familiar with the process, as they have previously delivered to Hyundai’s E-GMP production in the past.

Ford’s plans for the F-150 electric pickup and and Volkswagen’s plans for the VW ID.4 are in jeopardy as their battery supplier is facing an import ban over intellectual property issues.

Electric vehicle sales seem to be growing by the minute in the US. Although they still only have a tiny corner of the auto market cornered, astronomical valuations of industry leaders like Tesla offer a glimpse at the potential of a virtually nascent market. In order to bring costs down even further to entice consumers, the US has plans to amplify battery production on its home soil over the next decade. With global competitors miles ahead, does the US have the technology, or more importantly the resources, to gain ground in the EV battery market?

SK Innovation, a South Korean battery supplier for Volkswagen and Ford, said on Tuesday it will spend $727 million to build a second EV battery plant in the United States. Construction is expected to begin in July, with battery production slated to start in 2023.

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The Korea Herald reports that pre-pandemic shortages of battery supply, which caused delays for European automakers, have been made worse by the global crisis. The situation became urgent enough for the Polish government to waive travel restrictions, allowing 200 LG Chem technicians to resume expansion of its battery gigafactory in Wroclaw.

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LG Chem, one of the top battery suppliers for electric vehicles, filed federal lawsuits against SK Innovation (SKI), another top battery supplier for electric vehicles, over allegedly stealing trade secrets.
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SK Innovation already announced an important investment in a battery factory in the US, but it’s now considering increasing that investment — maybe even enough to compete with Tesla’s Gigafactory 1 in Nevada.
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Battery manufacturing companies are adding capacity to try to keep up with automakers going electric and the increasing demand for electric vehicles.

With this trend, SK Innovation announced today a new $1.67 billion investment to build an electric vehicle (EV) battery gigafactory in the US.
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Volkswagen is currently trying to figure out a way to secure large quantities of battery cells to support its critical electric vehicle ambitions.

After previously ruling out manufacturing its own battery cell, the German automaker is now reportedly going to build its own battery cell gigafactory (a battery factory with an output in the GWh) in partnership with SK Innovation.
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Korean energy company SK Innovation announced today that they will build a gigafactory to manufacture electric car battery cells in Hungary in order to support the electric vehicle plans of European automakers. 
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Korea-based SK Innovation announced today that it will expand its battery production capacity for electric vehicles. The company’s battery division manufactures the battery cells for the Kia Soul EV, some electric vehicles made in China, and it won a contract to supply batteries for Mercedes’ vehicles last year.

Encouraged by a strong backlog that the company claims will last 5 years, they announced two new production lines to increase their capacity to almost 4 GWh per year by the end of 2018.
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Tesla often said that the Model 3’s $35,000 price tag was dependent on the company achieving its battery cost reduction goals at the Gigafactory. Recently, Tesla officials said that the Gigafactory should no longer be seen as a constraint in the Model 3 supply chain and that the company is confident in its capacity to start producing battery cells.

The factory was first presented as having a full annual output capacity of 35 GWh of battery cells and 50 GWh of battery packs – with the difference in cells being imported from other manufacturers, like Tesla’s Gigafactory partner Panasonic, but also other possible cells suppliers.

Now it looks like Tesla is looking to South Korea to diversify its battery cell supply chain for the Model 3.
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