- This is the first separator plant outside Korea for the Group.
- Media reports indicate that the company has chosen the location in China because the demand for separators in the Middle Kingdom is growing fast
As per a report by Electrive, SK IE Technology, a subsidiary of SK Innovation, has commissioned a new factory for lithium-ion battery separators in Changzhou, China. It added that this is the first separator plant outside Korea for the Group.
As per the report, the new factory in Changzhou, Eastern China, is equipped with an annual production capacity of 340 million square metres. Along with the existing capacity of 530 million at the Korean main plant in Jeungpyeong, SK IE Technology’s total capacity will increase to 870 million square metres.
Demand for separators in the Middle Kingdom
Media reports indicate that the company has chosen the location in China because the demand for separators in the Middle Kingdom is growing fast. It was built between March 2019 and August 2020. The report added that after a three-month trial phase, regular operation is now starting.
According to the Korea Times, SK Innovation is considering completely spinning off its battery business. LG Chem is also doing the same with the transfer of its battery division into an independent company called LG Energy Solution.