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

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.

Source: www.reuters.com

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