South Korean company plans EV charger manufacturing facility in Plano

Renderings of the EV chargers that SK Signet plans to manufacture at its Plano facility.South Korea’s second-largest conglomerate plans to redevelop a Plano building into a new EV charger manufacturing facility that will create up to 183 jobs by 2026.

SK Signet plans to invest $24.2 million in the facility at 4101 E. Plano Parkway, which formerly housed Raytheon, according toThis will be SK Signet’s first U.S. manufacturing facility, which will be supported by its existing U.S. office in McLean, Va. The company had been looking for the right U.S. city since January before landing on Plano, said Seung-June Oh, president of SK Signet America. The city is providing a $975,000 incentive to SK.

The company hopes its fast chargers, which can give an EV enough charge to go 100 miles after 5 minutes, will attract more people to switch from traditional gas-powered cars, he said. SK Group, which owns companies in the semiconductor, energy and life sciences industries, bought 55.5% of Signet EV’s shares in April 2021 for $263 million. It relaunched the company, founded in 2016, under the new name SK Signet this July, saying it was prepping for global expansion of its EV chargers.

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