Despite legal drama, SK didn t skip a beat
Lindsay Chappell
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The second of two SK battery plants is under construction in Commerce, Ga. The first plant was completed this year.
If being forced to pay a $1.78 billion legal settlement to a competitor can be considered good news, SK Innovation responded positively to the conclusion of its trade dispute with LG Energy Solution this month by pushing ahead on its massive new electric vehicle battery plant in northern Georgia.
The resolution illustrates the high-stakes nature of EV battery plans for future vehicles.
A review of SK s $2.6 billion factory project last week found that its first 200 employees are now on-site and the company remains on schedule to have 1,000 workers there by year end, and to launch commercial production of battery cells early next year to begin supplying a new U.S.-built electric Volkswagen utility and Ford Motor Co. s planned electric F-150 pickup.
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