South Korea’s SK Innovation said on Sunday it plans to invest 400 billion won ($354 million) to build a plant for key parts of electric car batteries in China as part of its effort to better compete in the world’s largest electric vehicle (EV) market.

韓國SK集團旗下SK創新公司周日表示，計劃投資4,000億韓元(約合3.54億美元)在中國建設一個電動汽車電池廠，以更好地在全球最大的電動汽車市場競爭。

The plant will make separators for lithium ion batteries and ceramic coating. Construction is expected to begin early next year in the southeastern city of Changzhou, with production starting in the second half of 2020, the company said.

該公司表示，該工廠位于中國東南部常州市，將生產鋰離子電池隔膜和陶瓷涂層隔膜，預計將于明年年初開工建設，2020年下半年開始投產。

SK Innovation currently runs a factory in South Korea that produces the materials, which ensure stability and bolster power output.

SK創新公司目前在韓國擁有一家電池廠，生產鋰離子電池隔膜和陶瓷涂層隔膜，隔膜可以確保電池穩定輸出電力。

The decision is to keep pace with global EV battery makers’ capacity increases in China and Europe, and to cater to client demands for stable supplies, a company official said in a statement.

該公司一位官員在一份聲明中表示，“這一決定是為了跟上全球電動汽車電池制造商在中國和歐洲產能增長的步伐，并滿足客戶對穩定供應電池的需求”。

The announcement comes a week after SK Innovation, which owns South Korea’s top refiner and a unit of the country’s No.3 conglomerate, said it is considering building an electric vehicle battery plant in the United States.

此前一周，SK創新公司表示，正考慮在美國建設一家電動汽車電池廠。SK創新公司擁有韓國最大的煉油企業，也是韓國第三大企業SK集團的子公司。

In August, the firm said it planned to build an electric vehicle battery factory in China by 2019, under a joint venture with BAIC Motor and Beijing Electronics. It is also building a battery plant in Hungary.

今年8月，該公司表示，計劃在2019年前與北京汽車集團有限公司、北京電子控股有限責任公司組建一家合資企業，在中國建設一家電動汽車電池廠。該公司還在匈牙利建造了一座電池廠。

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