South Korean Firm to Build EV Battery Plant in Hungary

(Add details of the plant, background) SEOUL, Nov 30 (Reuters) - South Korea's SK Innovation said on Thursday it will invest 840.2 billion won ($777 million) to build an electric vehicle battery plant in Hungary to meet demand from automakers in Europe. SK Innovation, which owns South Korea's top refiner SK Energy, plans to break ground in February 2018 and start production from early 2020, the company said in a statement. The new plant would have a capacity to produce 7.5 ...

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