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SK Innovation, additionally expand the production capacity of its battery plant to ensure up to 40,000 EVs a year. Contents
title SK Innovation, additionally expand the production capacity of its battery plant to ensure up to 40,000 EVs a year.
attachment date 2016-03-18 count 16007
* To meet increased orders from home and abroad, SK Innovation plans to expand additional 10,000 EVs by the third-quarter of 2016.

* The plant has been operating for 24 hours after receiving pre-order for next 7 years.
New production line will be running at its full capacity once it is completed.

* SK Innovation was nominated as one of the candidates for excellent cooperative partner award of Daimler as the only one of battery suppliers.

SK Innovation (President & C.E.O Cheol-gil Jeong, www.SKinnovation.co.kr) plans to expand its battery production line to meet the increased demand from home and abroad.

On 17th of MARCH, SK Innovation announced that its battery production line in Seosan will be expanded from 30,000 EVs a year to 40,000 EVs a year.
The expansion of the production line already has been initiated and it is expected to be completed in the third quarter this year.

In 2015, SK Innovation has doubled the production capacity in Seosan plant from 15,000 EVs a year to 30,000 EVs a year.
After only 8 months since last expansion, SK Innovation re-expands its capacity.

“We are currently working at our full capacity for 24 hours while securing sufficient amount of pre-order for next 7 years or longer, and as soon as the new production line is completed, it will be operating around the clock at full capacity to meet demand.” Says Hong-dae Kim, the Head of B&I (Battery & I/E Materials) business headquarter of SK Innovation, “SK Innovation’s battery business is now entering a strong growth period.” he added.

Last year, SK Innovation provided the batteries for 20,000 EVs to carmakers from home and abroad. This year SK Innovation expects to supply its batteries to more than 30,000 EVs.

SK Innovation has been providing the batteries for EVs like 'SOUL’ of KIA Motors’, Korea, and 'EV200', 'ES210' by Beijing Automobile’, China.

In addition, it has been selected as Lithium-ion battery supplier for Mercedes-Benz’s next generation’s EV.

25th last month, ‘Daimler Supplier Day' was held by Daimler Group at the Mercedes-Benz Center, Stuttgart, Germany.
In this event, SK Innovation was nominated as a candidate for excellent cooperative partner award.

Daimler Group hosts an annual ceremony, and selects 28 suppliers with an excellent quality, partnership-based collaboration and innovation.
Among these 28 suppliers, Daimler awards a prize to 10 suppliers for their outstanding performance in 2015.
SK Innovation was the only candidate among the battery companies.

According to Hang-soo Lee, Head of Public Relations of SK Innovation, SK Innovation has been implementing “secure the demand first and expand the facility” strategy for stable growth of the battery business.
SK Innovation will continue to put its top-most effort to reinforce its proven technology in the global market by enhancing its R&D.

Meanwhile, SK Innovation declares that it will keep on expending its EV market share in China this year since Chinese EV market is expected to be the world’s largest one with 5000,000 EVs by 2020.

Based upon SK Innovation’s joint venture, Beijing BESK Technology, formed with Beijing Automotive Industries Holdings and Beijing Electronics Holdings in 2014, SK Innovation set a goal to become a top battery supplier in China in 2017.
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