# SK Innovation to build $2.3B electric battery plant in Iváncsa, Hungary

SK Innovation will build a new electric battery manufacturing facility in Iváncsa, Hungary, with an investment of approximately $2.3 billion. The plant will create 2,500 jobs and have an annual output of 30 GWh.

- Type: New facility
- Announced: 2021-02-04
- Where: Iváncsa, about 30 km south of Budapest, Hungary
- Value: $2.30B
- Jobs: 2,500
- Status: announced
- Capacity: 30 GWh per year
- Products: electric vehicle batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [SK Innovation](https://endata.com/companies/21924.md)

## Sources

- [rmx.news](https://rmx.news/article/korean-mega-investment-electric-battery-project-announced-in-hungary/), 2021-02-04: "The investment, reported to be worth approximately the $2.3 billion, will see the largest ever single greenfield development in Hungarian history."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.