SEOUL: South Korea’s SK Innovation said it plans to invest 400 billion won (US$354mil) to build a plant for key parts of electric car batteries in China as part of its effort to better compete in the world’s largest electric vehicle (EV) market.
The plant will make separators for lithium ion batteries and ceramic coating. Construction is expected to begin early next year in the southeastern city of Changzhou, with production starting in the second half of 2020, the company said.
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