Posts Tagged: SK Innovation

SK Innovation and Glencore sign six-year cobalt supply deal

Global mining giant Glencore has signed a deal to supply Korean battery-maker SK Innovation with up to 30,000 tons of cobalt contained in hydroxide between 2020 and 2025. Glencore expects global demand for cobalt for EV batteries to reach 92 kilotons by 2025. The quantity of cobalt supplied under this contract will allow SK Innovation… Read more »

SK Innovation to build second EV battery plant in China

According to a recent article in Business Korea, SK Innovation – a subsidiary of Korea’s giant SK conglomerate – is planning to invest $1.05 billion USD to build an EV battery manufacturing plant in Yancheng, China. The new plant will join the company’s pre-existing battery plant in Changzhou. SK Innovation’s plans for the new plant… Read more »

SK Innovation to build battery separator plant in Poland

Korean energy company SK Innovation will invest nearly $376 million to build a Li-ion battery separator (LiBS) plant in Województwo Śląskie, Poland. The plant will contain four LiBS units and three ceramic coated separator (CCS) units. The plant will break ground in the third quarter of this year and is scheduled to begin mass production in the third quarter of 2021…. Read more »

PolyPlus and SK Innovation to develop glass-protected lithium metal battery

PolyPlus, a Californian company that’s developing a rechargeable lithium metal battery with a conductive glass separator, has entered a development agreement with Korean energy and chemical company SK Innovation. The collaboration is focused on PolyPlus’s solid-state lithium anode laminate. The companies’ initial goal is to produce and test prototype cells to demonstrate increased volumetric and… Read more »

SK Innovation announces new battery manufacturing plant in Georgia

Battery developer SK Innovation plans to invest $1.67 billion to build a new EV battery manufacturing plant in Georgia. The new plant will be located in Jackson County, Georgia, and is expected to create more than 2,000 jobs. Construction will occur in two phases, beginning in early 2019. The SK Group already has significant investments… Read more »

VW chooses SK Innovations as additional battery supplier for North America and Europe

The Volkswagen Group has added South Korean battery cell manufacturer SK Innovation (SKI) to its stable of battery suppliers. SKI will supply the batteries for VW’s North American sales and a portion of the batteries for its European pure EVs. VW’s Roadmap E strategy calls for the Group to bring 50 new fully electric models… Read more »

Korean battery-makers to introduce NCM 811 cells

There’s a new battery cell in town, and everybody’s talking about its better energy density and lower costs. South Korean cell maker SK Innovation recently announced that its new NCM 811 cells would be available in December for stationary storage systems, and in the third quarter of 2018 for EVs. SK’s current cells use an… Read more »

Tesla reportedly approaches LG, Samsung and SK for Model 3 batteries

Japanese giant Panasonic is currently Tesla’s exclusive battery partner, but as its battery needs balloon along with demand for the upcoming Model 3, it’s only logical that the California company should keep its options open with other suppliers. The Korea Times reported that Tesla has approached LG Chem, Samsung SDI and SK Innovation. Tesla executives… Read more »

SK Innovation considers China EV battery factory

SK Innovation, South Korea’s largest oil refiner and chemical supplier, says it is having talks with several companies about jointly establishing an EV battery factory in China. “An investment announcement will likely be made in the near future,” said Chief Executive Chung Chul-khil, adding that the joint venture in China may be with a battery… Read more »