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
SK innovation Stories November 30, 2017
SK innovation Stories March 6, 2017
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. expand full story
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SK innovation Stories May 17, 2016
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. expand full story