South Korea's SK Innovation will build a USD 2.29 billion electric vehicle battery plant in Hungary, its third in the Hungary – Minister of Foreign Affairs and Trade Péter Szijjártó said at a press conference.                    

The company will invest USD 2.29 billion by 2028 in an area measuring 700,000 m2, which is equivalent to 98 football stadiums.

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SK Innovation’s 1^st EV battery plant in Europe is located at Komarom, Hungary / Photo credit: press release SK Innovation 

Construction of the plant, with a capacity of 30 GWh, will start in Q3 2021. The investment will create 2,500 jobs.

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Lokalizacja istniejących fabryk SK Innovation i planowanej inwestycji w mieście Iváncsa / Fot. materiały prasowe SK Innovation 

(jap)