SK Innovation decided to commit $ 5 billion for investment in 2 US battery plants, including one under construction in Jackson County, Georgia, USA. A new plant will have 11.7 GWh of capacity, with construction starting in July and mass production in 2023.
With the investment in the second plant completed, SK Innovation will be able to produce EV batteries with an annual capacity of 21.5 GWh in the United States alone. SK Innovation current annual capacity with plants in Korea, China and Hungary is 71 GWh. In 2025, the company should move closer to its mid-term goal of reaching 100 GWh capacity
The US plants are targeting automakers with production bases in the US, offering lower delivery times and transportation costs.