SK Innovation held a groundbreaking ceremony for its EV battery plant in Hungary

Computer-rendered image of SK Innovation’s EV battery plant in Hungary.

After LG Chem and Samsung SDI, it’s now time for the other South Korean battery cell maker – SK innovation – start building its plant in Europe.

 

Below we have the press release.

On March 8th (local time), SK Innovation held a groundbreaking ceremony to build an electric vehicle (EV) battery factory named ‘SK Battery Hungary’ in Komárom, Hungary.

About 300 representatives attended in the ceremony, including Hungarian Minister of Foreign Affairs and Trade Szijjártó Péter, Ambassador Choi Kyoo-sik of the Republic of Korea to Hungary, Vice Chairman Chey Jae-won of SK Group and CEO Kim Jun of SK Innovation.

SK Innovation secured 430,000 m2 of site in Komárom for the factoryd on long-term contract with European carmakers and began the construction of SK Battery Hungary last month in the city of Komárom–Esztergom County at about 110 km northwest of Budapest, the capital of Hungary. SK Innovation plans to invest a total of KRW 840.2 billion until 2022.

The batteries to be produced in SK Battery Hungary will be third-generation EV batteries, which give an EV 500km range with one charge. The company had announced in September, 2017 that it would start mass-producing of the world’s first medium-to-large NCM (nickel:cobalt:manganese) pouches at a ratio of 8:1:1.

SK Battery Hungary is expected to work as an important bridgehead for expanding its business area into the European market.

SK Battery Hungary expects to start mass-producing and supplying the batteries from early 2020. Once all the production lines are installed, the factory’s production capacity will reach 7.5 GWh per year.

SK Innovation is currently producing pouch type-batteries for EV at its Seosan battery factory in Korea, which produces 3.9 GWh annually.

 

With so many giant automakers located in Europe having to shift to electric cars during the next decade, it’s understandable that their new suppliers (EV battery cell makers) are already placing themselves in the region.

 

SK innovation battery plant in Hungary location

 

More plants around the globe producing NCM 811 battery cells is always good news. This type of battery cells are more energy dense and use less cobalt. Nonetheless, this raw material is still problematic since most of it comes from the Republic of the Congo.

However, to overcome this problem SK innovation recently signed a cobalt supply deal with Australian mines. After Congo, Australia has the biggest cobalt reserves in the world. Furthermore, in Australia there is plenty of nickel and manganese. With everything needed to make NCM battery cells and plenty of sunshine I wouldn’t be surprised if Tesla decided to have a Gigafactory in Australia.

 

 

More info:

http://eng.skinnovation.com/company/view.asp?idx=453

This Post Has 10 Comments

  1. The hinterland minimap is very telling…

  2. Nice… But still so few production capacity. Just 100000 cars a year with 75kwh.

    A step… But a short step to electrify all vehicles…

  3. Pedro, do you know of a chart or a graphic that shows the timeline of when all these new battery factories are supposed to come online? That would be interesting to see.

    1. Sorry I don’t.

      However LG Chem and Samsung SDI EV battery plants in Europe will start operating this year.

    2. Thanks for the reply Pedro. So non-Tesla battery supply should start to ramp up this year with those 2 factories, SK innovation next year. And maybe NorthVolt some time in the future?

  4. They claim to be the first mass produced NCM811 plant. isn’t CATL the first?

    1. As far as I know CATL isn’t making NCM 811 battery cells yet, but it shouldn’t take much longer.

  5. No quiero ser mal agorero y ojala me equivoque pero no veo suficientes reservas “las que si se pueden explotar comercialmente” de litio mundialmente para cambiar todo el parque mundial de coches “solo coches no demas medios de transporte” con baterías de litio de capacidad decente 75-100 kwh. Y no vale lo del reciclaje de las baterías actuales de litio pues para que esto sea rentable el precio de la tonelada de litio tiene que subir un 400-500% “cosa que puede pasar perfectamente” ¿Pero para cuando eso pase, a cuanto subira el precio del Kwh de una batería?. Hay un video en Youtube de un tal Todoclima un andaluz bastante apañado donde en su video “El litio una verdad incomoda” lo explica de forma bastante certera…..Ojala se equivoque pero las cifras que expone son bastante tozudas. Perdona por el toston Pedro Lima.

  6. It’s interesting, that Komárom is one of the first international BYD location as well.

Leave a Reply

×
×

Cart