According to foreign media reports, with the increase in demand for electric vehicle batteries, a number of battery manufacturers are investing in building factories, and in addition to building new factories, there are also manufacturers of the original factory expansion to increase capacity to meet demand.
The latest reports from foreign media indicate that SK On, an electric vehicle battery maker owned by SK Group, has begun evaluating plans to expand its Seosan plant in South Korea.
According to the report, SK On plans to add four production lines to the Seosan plant, increasing the annual battery capacity by 10 GWh to 15 GWh, which is three times the original capacity. If the expansion plan is approved, construction of the plant will begin in the second half of next year and is scheduled to be completed by 2025.
The foreign media also mentioned in the report that SK On is considering expanding the Seosan plant to better meet Hyundai’s demand for batteries and that they have plans to build a new electric vehicle plant in South Korea.
SK On’s plant in Seosan was built in 2010, before SK On was spun off from SK Innovation, with an initial capacity of 200MWh per year, and was put into operation in September 2012.
If SK On’s plan to expand the Seosan plant goes through, the 15GWh annual capacity after the expansion will be sufficient to meet the demand for 250,000 electric vehicles.
