SK Innovation to invest $845 million in building second battery plant in Hungary

February 27, 2019

SEOUL (Reuters) – South Korea’s SK Innovation, which owns the country’s top refiner SK Energy, said on Wednesday that it will invest a total of 945.2 billion won ($845 million) to build its second battery plant in Hungary.

The investment will be made to build and operate the company’s battery plant, the company said in a regulatory filing without elaborating on a production capacity and construction period.

(Reporting By Jane Chung; editing by Christian Schmollinger)

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