Jun Kim is spending $1.6 billion to build a battery factory in Georgia — and it's not enough. Not even close.
His company, SK Innovation of South Korea, needs to spend twice that. And frankly, that won't be enough either. By mid-decade, Kim aims to have five times the Georgia project's capacity scattered around the world.
"When I became CEO in 2017," he said, "I had to ask the question: Is this the right time for us to invest in batteries, and do we have the financial resources and technology to do what it will take?