The good news. The expansion of the Seosan battery factory has been completed.
SK chairman bets high on EV battery unit
SK Innovation now has 4.7 GWh capacity compared to the 315 MWh a year ago.
This capacity is probably entirely for use by Kia.
There are new factories being built in Europe, China and the United States which will be used by other car makers.
In particular the European factory will supply Mercedes new EQC.
But there has been no announcement of any further increase of the Seosan battery factory.
I estimate that Kia will be able to build about 50,000 EV's a year, if most are the 64kWh option.
So the total capacity for the N iro EV and new Soul EV will be about 50,000 for the next 3 years at least.
Because of the European emission laws Kia will be trying to sell 40,000 EVs in Europe each year.
This leaves a fairly small quantity for the rest of the world.
No wonder Kia feels confident that it can maintain high prices. High demand and low supply will continue for the indefinite future.
SK's biggest expansion plans are for the US. They seem to have got a big order from Volkswagen. This seems to have greatly upset LG Chem, their South Korean rival, who wanted exclusive rights with Volkswagen.
See - LG Chem files suits against SK Innovation for stealing trade secrets