The deal to build the biggest battery plant ever in America would catapult the South Korean firm to the status of a leading battery maker in the US and is also its largest single outlay.
SK Innovation’s focus has been on commercializing high-nickel content batteries, or NCMs. Five years ago, SK developed the NCM811 and now the Nickel 9 battery that’s 90% nickel.
The cars were equipped with the NCM type made by another South Korean company, LG Energy Solution, which is a unit of South Korean industrial giant LG Chem Ltd. Yet, the South Korean battery companies have continued to stay on this path.