A $1.67 billion investment in the U.S. is expected to create more than 2,000 jobs to manufacture EV batteries
SEOUL, South Korea—SK Innovation, a developer of lithium-ion batteries for electric vehicles, recently announced it will create more than 2,000 jobs and invest $1.67 billion to build a new electric vehicle (EV) battery manufacturing plant in Georgia. The new plant will be in Jackson County, Georgia.
SK Innovation (http://eng.skinnovation.com/business/battery.asp), which is part of SK Group, is making the investment to enhance its competitiveness in the growing global EV battery market. Customers for SK Innovation include Mercedes-Benz and Hyundai-Kia Motors, and this new investment will provide opportunities for SK Innovation to bring its world-class products to additional automakers in the United States.
“We are excited to bolster our presence in the United States by making this investment in Georgia,” said Jun Kim, CEO of SK Innovation, in a press release. “SK Innovation is a worldwide leader in the energy industry and this latest investment will allow us to work with the growing automotive industry in the Southeastern United States, ensuring future partnerships for years to come.”
Construction of the new plant will occur in two phases, beginning in early 2019. The first phase will invest approximately $1 billion and employ more than 1,000 advanced manufacturing employees.