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SK Innovation to invest $1 bln in a new battery factory in China

reuters.com · 09/01/2021 05:01
SK Innovation to invest $1 bln in a new battery factory in China

- South Korea’s SK Innovation Co Ltd 096770.KS said on Wednesday it will invest 1.2 trillion won ($1.04 billion) in a new battery factory in China.

The South Korean battery maker, which supplies electric car batteries to Ford Motor Co F, Volkswagen VLKAY and Hyundai Motor Co HZNDF among others, has battery production sites in the United States, Hungary, China and South Korea,


($1 = 1,158.6200 won)


(Reporting by Heekyong Yang and Joyce Lee; Editing by Louise Heavens)

((Heekyong.Yang@thomsonreuters.com;))