Hyundai Mining News

SK Innovation CEO sees EV battery business breaking even by 2021

The South Korean company is weighing a $10B plan to use new facilities to boost its battery cell manufacturing capacity to about 100 GWh by 2025, a move that would challenge sector leaders including Tesla.

NMC batteries dominating EV – sales to reach 63% of global market

NMC cathodes currently account for nearly 28% of global EV sales, forecast to grow to 63% by 2027.