Banter and General Comments, page-2999

SK Innovation is the energy and chemicals unit of South Korea’s third-largest conglomerate SK Group. The unit currently has battery-cell capacity of 4.7 GWh a year, which is targeted to rise to 60 GWh by 2022, Kim said. That’s up from a previous goal of 55 GWh by then.

Last month, the company announced a $1.67 billion plant in the U.S. that will potentially supply nearby auto manufacturers such as Volkswagen, Daimler and Hyundai Motor Group. The facility in Georgia may be expanded to as much as 50 GWh capacity by 2025, which would cost some $5 billion. It’s also building two factories in China and one in Hungary.