SK On Hungary stands as a major battery manufacturer in Europe, operating as a subsidiary of SK On Co. Ltd., which emerged from SK Innovation’s battery division in 2021. The company produces high-performance lithium-ion batteries for electric vehicles from its facilities in Hungary, serving multiple automotive manufacturers across Europe. Since its establishment, SK On Hungary has expanded its production capabilities significantly, contributing to Europe’s growing electric vehicle industry. The company’s strategic location in Hungary enables efficient distribution to automotive manufacturers throughout the European Union, while its advanced manufacturing processes ensure high-quality battery production that meets strict international standards.
Battery Technology
SK On Hungary specializes in manufacturing third-generation pouch battery cells, focusing on high-energy-density solutions for electric vehicles. The company’s battery technology incorporates advanced nickel-rich cathode materials, enabling increased driving range and improved performance. Their production processes integrate sophisticated quality control systems and automated manufacturing lines to ensure consistent product quality.
The manufacturing facilities utilize computer-controlled systems throughout the production cycle, from material handling to final assembly. SK On Hungary’s batteries feature enhanced thermal management capabilities and optimized cell design, resulting in faster charging times and extended battery life. The company’s technical expertise extends to developing customized battery solutions that meet specific requirements of various automotive partners.
Current production includes batteries with energy densities exceeding previous generations, achieved through innovations in electrode design and material composition. The company’s research and development efforts continue to advance battery chemistry and manufacturing techniques, aiming to increase energy density while reducing production costs.
Recent Projects
In early 2024, SK On Hungary achieved significant progress with its Iváncsa facility, which began mass production with an annual capacity of 30 GWh. This new plant demonstrated exceptional efficiency, reaching over 90% production yield within three months of operation. The facility’s success has increased SK On’s total European production capacity to 47.5 GWh.
The company received recognition from local authorities when the road connecting their Iváncsa plant to the nearby town was officially named “SK Road” (SK út), acknowledging their economic impact in the region. Additionally, SK On became the first Korean battery manufacturer to receive TÜV Rheinland’s Cybersecurity Management System certification for its battery management system.
Investors
SK Innovation remains the primary investor in SK On Hungary through its complete ownership of SK On Co. Ltd. The company’s expansion in Hungary has been supported by substantial financial backing from several export credit agencies, including Euler Hermes, Korea Trade Insurance Corporation, and the Export-Import Bank of Korea. These agencies provided $2 billion in insurance and guarantees for the Iváncsa plant construction, representing one of Hungary’s largest greenfield investments, valued at $2.29 billion.
Business Details
Location: Komárom, Hungary
Website: http://skonhungary.com
LinkedIn: https://www.linkedin.com/company/11489845
