"In particular, LG, Samsung and SK are placing greater priority on China, the world's largest EV market, as the Chinese government plans to phase out state subsidies to carmakers using batteries from Chinese makers by 2020. This is expected to help Korean battery makers compete on the mainland."
"SK Innovation is building EV battery plants in Hungary and Changzhou in China, which will have a yearly output of 7.5 GWh each. The firm said it will expand its combined battery power output to 55 GWh by 2022."
"The number of EVs is expected to be about 6.1 million in 2019 and grow to 22 million in 2025, accounting for 21 percent of total vehicle sales, according to data from market researcher SNE Research."
More to come concerning SKI's Chinese ambitions imo.
AUZ Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
