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.
SK innovation Stories February 23
SK innovation Stories February 11
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.
SK innovation Stories February 5
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 Stories April 28, 2020
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.
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.
SK innovation Stories April 30, 2019
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. expand full story
SK innovation Stories January 7, 2019
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. expand full story
SK innovation Stories December 4, 2018
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. expand full story
SK innovation Stories October 25, 2018
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. expand full story
SK innovation Stories November 30, 2017
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. expand full story