Image by Shutterstock.com
Trial production will start in the fourth quarter of 2020.
The plant will turn out third-generation EV batteries capable of keeping a charge for 500 km for more than 140,000 cars a year. Those batteries will have a combined capacity of 10 GWh.
SK Battery Manufacturing Kft, a unit of SK Group, South Koreaʼs biggest energy and chemicals company, started construction of the plant with a HUF 97.5 bln investment in March 2018.
The companyʼs CEO, Kim Jun, told journalists at the CES in Las Vegas in January 2020 that capacity of the Hungarian plant would be expanded further to 16 GWh to meet demand from Volkswagen.