AAA weekly


SK Innovation’s Recent Business Activities in China

This report includes information on the following topics:
  • SK Innovation
  • in-vehicle battery
  • battery cell factories
  • China
  • BEST
  • BESK
  • Changzhou City
  • Yancheng City
  • annual production capacity
  • EVE Energy
  • Huizhou City
  • SK On
  • spinoff of battery division
  • business plan
  • wholly-owned subsidiary
  • SK Innovation Financial Story Day
  • investment in battery business
  • operating profit
  • production capacity
  • joint venture
  • Dongfeng Yueda-Kia
  • Korea
  • factory operation
  • SKI Technology
  • Huizhou Plant
  • Beijing Hyundai
  • cathode materials
  • BTR
  • procurement
  • BaaS
  • BAIC Group
  • Blue Park Smart Energy (BPSE)
  • battery rental
  • battery charging
  • battery reuse
  • PHEV
  • Beijing Benz E-Class
  • MIIT
  • Recommended Models Catalog
  • LiB
  • Arcfox α-T luxury BEV model
  • GWh
  • production bases
  • BAIC Electronics Holding SK
  • Blue-sky United Energy Co
  • Huizhou EVE United Energy Co
  • SK Hi-tech Battery Materials
  • battery packs
  • production schedule
  • separators

Major South Korean in-vehicle battery maker SK Innovation is setting up new battery cell factories in China. It completed construction of BEST, its first overseas battery cell plant for BEVs, through its local joint venture BESK in China’s Changzhou City in December 2019. BEST has an annual output of 7.5 GWh. SK Innovation’s second plant in China’s Yancheng City commenced operations in November 2020 with an annual production capacity of 10 GWh which is planned to be raised to 20 GWh in 2021. In addition, SK Innovation acquired a 49% stake in Chinese EVE Energy’s 10 GWh battery plant in Huizhou City in December 2020. As the latest development, SK Innovation’s battery business unit was officially spun off under the name SK On in October 2021.

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