SK signet to produce ultra-fast EV chargers in Texas in response to U.S. EV infrastructure project

[Courtesy of SK signet]

SEOUL -- SK signet, an electric vehicle charger manufacturer affiliated with South Korea's conglomerate SK Group, will produce ultra-fast electric vehicle (EV) chargers with a capacity of more than 350 kilowatts (kW) in Texas. The production will help the EV charger maker to receive subsidies from the United States government pushing for the national electric vehicle infrastructure (NEVI) project.

The U.S. government has set a subsidy budget of about $5 billion by 2030 for the NEVI program. This is a large-scale project to build a total of 500,000 charging stations across the U.S. by installing fast or super-fast charging stations every 50 miles (80 kilometers) on highways. To receive subsidies, foreign companies should meet various requirements such as producing chargers in the U.S.

Through a $5 million project, SK signet will build a factory capable of producing more than 10,000 ultra-fast chargers every year in Plano, Texas. The products will be distributed to SK signet's clients such as Electrify America, a Virginia-based fast charging station manufacturer. "The company's innovative technology is a perfect fit for our business community. We are proud to continue attracting world-class companies to our city that impact the marketplace," Plano's mayor John Muns said in a statement on November 16.

"Our new Texas facility will provide top-tier fast charging solutions that are adaptable to a wide range of vehicle types, helping EVs become a reality for more Americans," said SK signet CEO Shin Jung-ho. The company will create up to 183 jobs to recruit new workers.

Kim Joo-heon jhkim123@ajunews.com

SK signet to produce ultra-fast EV chargers in Texas in response to U.S. EV infrastructure project

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