EVE Battery to set up JV with South Korea’s SKI

EVE Battery to set up JV with South Korea’s SKI

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EVE Battery, one of the largest battery cell manufacturers in China specialized in Lithium-ion battery technology, is planning to set up a JV with South Korea’s SK Innovation (SKI) Co.,Ltd.

The joint venture contract was signed by the two parties on September 26, in which EVE Battery stated an investment contribution of USD 525 million. The new JV ‘s annual production capacity could reach 20-25GWh when completed. According to EVE Battery, the new battery cell plant will target domestic and international EV car manufacturers. (EVE Battery)