SK Innovation

SK IE Technology, a subsidiary of SK Innovation, will build two new lithium-ion battery separator plants (Plants 3 and 4) in Silonsk, Poland, with a combined capacity of 860 million square meters, investing 1.13 trillion won (€850 million).

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.

Inzi Controls announced a contract with SK Innovation to manufacture Daimler Gen3 EV battery modules, valued at 393.76 billion won (~79.68% of 2019 sales). The contract runs from May 1, 2021 to December 31, 2027.

SK Innovation made its first 60 hires at two EV battery plants in Jackson County, Georgia, with plans to ultimately hire 1,000 workers. The plants are on schedule to supply batteries to Ford and Volkswagen starting in 2021.

SK innovation will invest an additional $940 million to expand its manufacturing plant in Commerce, Georgia, creating 600 jobs. This is in addition to the company's $1.67 billion investment for two facilities in Jackson County. The new 430,000-square-foot plant will produce lithium-ion batteries for electric vehicles.

SK Innovation announced plans to expand its electric vehicle battery plant in Jackson County, Georgia, doubling the size of its operations. The investment will increase from $1.67 billion to $2.5 billion. The expansion is driven by projected higher demand for electric vehicles.

SK Innovation will spend $727 million to build its second electric vehicle battery plant in Georgia, USA, with annual capacity of 11.7 GWh. Construction begins in July 2020, with production aimed for 2023.

EcoPro BM signed a contract to supply cathode materials to SK Innovation from 2020 to 2023, worth KRW 2.7406 trillion, and plans to build a dedicated new plant (CAM5-N) in Pohang with annual capacity of 26,000 tons.

SK Innovation is constructing a $1 billion electric vehicle battery plant in Commerce, Georgia, with 28% of construction completed. The plant will have 9.8 GWh annual capacity, is due for completion in the second half of 2021, with mass production starting in 2022. Batteries will supply Volkswagen and other EV brands.

Wonbang Tech received a letter of intent from SK Innovation for approximately 80 billion KRW for clean room and dry room equipment for SK Innovation's first US plant. It also received a 5 billion KRW LOI for SK Innovation's second Hungary plant.

Volkswagen Group named SK Innovation as a strategic supplier of battery cells for electric vehicles based on the Modular Electric Toolkit (MEB). SKI will supply batteries for North America and a share for Europe.

SK Global Chemical, an affiliate of SK Innovation, signed a deal to acquire Dow Chemical's polyvinylidene chloride (PVDC) business for an estimated $100 million.

Shinsung ENG has signed a contract with SK Innovation to supply an automated warehouse for finished secondary battery products. The contract is worth 2,805,550,000 won and runs until January 10, 2018.

Dow Chemical Co. agreed to sell its global Ethylene Acrylic Acid copolymers and ionomers business to SK Global Chemical Co., including production assets in Freeport, Texas and Tarragona, Spain, as part of regulatory approval for the Dow-DuPont merger.

SK Innovation, through its subsidiary SK Global Chemical, acquired Dow Chemical's ethylene acrylic acid (EAA) business for USD 370 million. The deal includes production facilities in Freeport, Texas, and Tarragona, Spain, along with technology and trademarks.