SK Innovation To Supply Electric Car Batteries To BAIC
According to the latest news, SK Innovation was selected by the Beijing Automotive Group (BAIC) as a battery supplier for a new electric car, scheduled for market launch in China in the second half of 2020.
The lithium-ion cell will be produced at SK Innovation’s first plant in Changzhou, China, which has a production capacity of 7.5 GWh annually.
The plant is owned by BEST, a wholly-owned subsidiary of BESK (a joint venture between SK Innovation, which holds 49%, and Beijing Automotive Group and Beijing Electronics). It’s no surprise here that BAIC is placing an order for batteries from its own joint venture with SK.