Korean battery company SK Innovation has announced it will build a factory to produce lithium-ion battery cells for electric cars in Jackson county, Georgia, northeast of Atlanta. The projected cost of the factory is $1.67 billion. The company says the factory will create more than 2,000 jobs once completed.
Construction of the first phase of the factory — which will cost $1 billion — will begin in early 2019 and provide 1,000 job opportunities for the local community. In a press release, the company said the new factory will be “the largest scale electric vehicle battery plant in the United States.” The folks at Tesla should find that statement interesting. Inside EVs speculates an investment of $167 billion should be enough to create a factory capable of producing 30 GWh of batteries annually.
Last month, Volkswagen indicated it is looking to SK Innovation to be a major supplier of battery cells for the electric cars it plans to manufacture in the United States. VW is known to be scouting locations for a US electric vehicle factory of its own. Whether the two companies are coordinating their search efforts so their factories can be close to each other is unknown.