- SK Innovation launches its first battery joint venture (JV) by teaming up with Beijing Automotive Group and Beijing Electricians.
- CEOs of 3 parties will meet on August 5th in China to sign the contract, and the JV will be launched in September
- The company will invest KRW 190 billion to set up China’s No1. battery supplier
- New JV plans to manufacture an annual output of 10,000 battery packs for use in electric vehicles from 2014 and output will increase to 20,000 packs a year by 2017
- SK Innovation suggested city of Beijing to cooperate in establishing “EV Eco-System” throughout the electric vehicles industry

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