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SK Innovation invests in new EV battery plant in Georgia
South Korea’s SK Innovation, a leading developer of lithium-ion batteries for electric vehicles (EVs), is investing US$1.67 billion to build a new EV battery manufacturing plant in Jackson County, Georgia, US.
SK Innovation, which is part of SK Group, is making the investment to better compete in the growing global EV battery market. Customers for SK Innovation include Mercedes-Benz and Hyundai-Kia Motors, and this new investment will provide opportunities for SK Innovation to bring its world-class products to additional automakers in the US. The new plant is expected to bolster its US presence as well as create more than 2,000 jobs.
Construction will occur in two phases, beginning in early 2019. The first phase will invest approximately US$1 billion and employ more than 1,000 advanced manufacturing employees, making it the largest scale EV battery plant in the US.
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