SK Innovation reveals its plans to develop a new battery manufacturing plant

Established in South Korea, SK Innovation is now investing US$1.6bn in a new battery manufacturing plant in Georgia. A leading developer of lithium-ion batteries for electric vehicles, the new plant will create more than 2,000 jobs.
The company has sought to place significant investment in order to remain competitive within a growing global EV battery market. Customers include Mercedes-Benz and Hyundai-Kia Motors, where this investment will open up further opportunities for SK Innovation to bring its world-class products to additional automakers in the United States.
“We are excited to bolster our presence in the United States by making this investment in Georgia,” said Jun Kim, CEO of SK Innovation. “SK Innovation is a worldwide leader in the energy industry and this latest investment will allow us to work with the growing automotive industry in the Southeastern United States, ensuring future partnerships for years to come.”