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SK Innovation intends to set up a battery factory in the United States Recently, South Korea's SK Innovation reached an agreement with the US state of Georgia, which will invest 1.
67 billion US dollars to build a battery factory
in Georgia.
The investment will be made in two phases, the first of which will start in the first half of 2019 with an investment of $1 billion; The second phase is $67 million by 2025
.
Previously, SK Innovation joined the Volkswagen Group's electric vehicle development plan, Volkswagen intends to deliver 50 new all-electric models by 2025, and SK Innovation will set up a plant in Georgia to support Volkswagen's production plan
in the United States.