Over the past 50 years, SK Innovation has grown into Korea’s first and largest energy and chemical company. We’ve done so through radical innovation and technology development, arriving at solutions that have helped us become global technology leaders in new energy. We started out as Korea Oil Corporation, the country’s first refining and chemical company. But we didn’t stop there. We have quickly built a global reach in petroleum production, refining, chemicals, lubricants and future energy.
To this day, SK Innovation has been actively engaging in petroleum production across the globe. As Korea's first successful developer of LiBS, it has kept its edge in both the information and electronic material industry, and the automotive sector. SK Energy is Korea's number one refinery, while our chemicals subsidiary, SK Global Chemical, has been at the forefront of innovation in the petrochemical industry. SK Lubricants supplies high-quality base oils to over 50 countries and finished lubricant products to 25.
SK Innovation started the development of lithium-ion batteries for hybrid electric vehicles in 2005 and moved on to production in 2006. The first milestone came in 2010, when we were selected as a battery provider for Hyundai's BlueOn, Korea's first electric vehicle, and Kia's Ray. Only a year later, we started supplying batteries to SLS AMG E-Cell, the first electric supercar of Mercedes-AMG. This is how SK Innovation has become a proven, trusted and widely used partner for automakers across the globe.
As a complement to our 100MW battery assembly line in Daejeon, in 2012 we launched a 200MW battery assembly line in Seosan to boost our battery production capabilities. We soon had to expand its capacity to produce batteries for 30,000 electric vehicles per year so we could keep up with skyrocketing customer needs. As electric vehicle battery demand has remained on a hot streak, we’ve set up new assembly lines and an entire new manufacturing building for full-scale volume expansion.
Going global means breaking through frontiers. In our effort to stretch beyond Korea, we have broken ground for our new lithium-ion battery factory in the heart of continental Europe, Hungary. SK Battery Hungary (SKBH), the very first overseas battery plant of SK Innovation, has set out to become a go-to supplier of world-class energy solutions for top-tier automotive OEMs. But when we leap big, we dream big. We want SKBH to lead the way to an environmentally conscious future, using green technologies to build a healthier planet.
SK Battery Hungary is being built on a 430,000 square-meter plant in Komárom, a city spreading in Komárom-Esztergom county about 110 km northwest of Budapest. We plan to start production in early 2020, and ultimately expect to supply 7.5 GWh of cells annually, enough to serve 250,000 cars. The lithium batteries to be produced in our new plant will be third-generation EV batteries, which give an EV 500 km range with one charge. And that’s not all. We will also start mass-producing the world’s first medium-to-large NCM pouches at a ratio of 8:1:1.
SKBH is a part of SK Group, South Korea’s third biggest company and a pioneer in the energy business. As the group’s first overseas battery plant, we have two goals in mind: grow big and get green. We’re committed to using SK’s hard-earned knowledge to find new growth engines, and ultimately become a truly technology-driven innovation company. This is an ambitious undertaking. And we cannot possibly make it a success without the right talents who share our vision. This is why we strive to build an environment that our employees can relate to and engage with, and one that’s just as much about community as it is about performance.
Our employees’ expertise, dedication and spirit is what we value most. And we work hard to show our appreciation. Our brand new plant in Komárom and our headquarters in Budapest Allee Corner offer exciting and rewarding career opportunities, from entry- to C-level roles. We do our best to make our employees’ life better and easier so they can grow both personally and professionally.
But most importantly, a company culture
where your ideas are heard and recognized.