SEOSAN, South Chungcheong Province ― SK Innovation said Wednesday that it has doubled its annual production of electric vehicle (EV) batteries to meet increasing demand at home and abroad.
At the expanded rate, the nation's biggest energy company can supply batteries that power up to 30,000 EVs. Kia Motor and Beijing Automotive Industry Holding are key customers.
Kia's Soul EV, which is powered by SK batteries, was named the best-selling EV in Korea last year after sales of 414, which accounted for more than one third of the domestic EV market. The Chinese carmaker produces two EV models ― C33 and C70 ― with SK products.
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