SK Innovation Begins Construction Of 7.5 GWh Battery Plant In Hungary

MAY 26 2018 BY MARK KANE 13

SK Innovation held a groundbreaking ceremony for its first European lithium-ion battery factory in Hungary.

SK Innovation battery cell

The site will start production in early 2020, and ultimately is expected to supply 7.5 GWh of cells annually.

SK Innovation intends to invest 840.2 billion won ($777 million) in the facility by 2022, which sounds like $100 per 1 GWh of installed production capacity.

SK Innovation follows Samsung SDI and LG Chem that earlier began construction of their facilities respectively in Hungary and Poland.

There is tremendous demand for EV batteries expected in Europe and it seems that those three South Korean manufacturers are all-in.

SK Innovation was so far one of the smaller battery manufacturers, having only one 3.9 GWh plant, but this new site changes everything.

“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.”

Categories: Battery Tech

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13 Comments on "SK Innovation Begins Construction Of 7.5 GWh Battery Plant In Hungary"

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Great news, more batteries = cost down, glad to hear about it!

Hungary has an other unnoticed advantage=in majority clean electricity (Paks,nuclear). At one point clean electricity for EV production incl. batteries is GAMECHANGER!

Should be $100 per 1 kWh of annual capacity.

Or $100 million per 1GWh which is on the lower end compared to recent announcements of 150 million by CATL and others.

Eastern Europe appears to be willing to work with the company.

Cheaper work and the benefits of EU, what’s not to like?

Central Europe, really. Big difference in lifestyles and attitudes. If you follow EU politics you will see the V4 (Visegrád 4) stand up for their nations, while the East will take any Brussels neo-liberal directives as long as they get money.

Seems this is a prismatic battery and the plant is a medium sized one where the construction can be completed soon.
Its good to open many plants of this size in many countries so that every country and a electric vehicle company nearby can make use of these batteries.

And 500 km is 310 miles which is quite good like the Tesla Model-3 LR.

The stated range is probably more like NEDC range, so rather comparable to Model 3 short range or about 60 kWh.

It might be my future workplace 🙂

7.5GWh is barely enough for about 100,000 battery for 250+ miles EVs.

Less than 100,000 250+ mile cars are currently sold annually world over.

Tesla sold over 103,000 themselves last year. This year, they will be near 250,000 by themselves.