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Submitted by JP on Sun, 01/31/2021 - 22:31
SK Innovation to build USD 2.3 bln EV battery plant in Hungary

South Korea's SK Innovation will build a USD 2.29 billion electric vehicle battery plant in Hungary, its third in the Hungary – Minister of Foreign Affairs and Trade Péter Szijjártó said at a press conference.                    

The company will invest USD 2.29 billion by 2028 in an area measuring 700,000 m2, which is equivalent to 98 football stadiums.

SK Innovation’s 1st EV battery plant in Europe is located at Komarom, Hungary / Photo credit: press release SK Innovation 

Construction of the plant, with a capacity of 30 GWh, will start in Q3 2021. The investment will create 2,500 jobs.

Lokalizacja istniejących fabryk SK Innovation i planowanej inwestycji w mieście Iváncsa / Fot. materiały prasowe SK Innovation