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EV battery maker SK On plans to raise up to $2.4 billion as early as end-March

According to Reuters, two people familiar with the matter said that SK On, a subsidiary of South Korea's SK Innovation in the field of...

SK On Expands Battery Production Project in Korea for Hyundai Motor

SK On plans to expand its electric vehicle battery production capacity in South Korea to meet the growing demand of its customer Hyundai Motor. According...

Ford and SK On Cancel Plans to Build Electric Vehicle Battery Plant in Turkey

Ford Motor Co. and SK Innovation's battery division have canceled plans to build an electric vehicle battery plant in Turkey due to rising global...

SK On’s Georgia factory fire in 2022 may have caused defective batteries to be mixed into production line

According to The Elec, SK On’s factory in the United States suffered a fire accident sometime in September last year. The source said the...

SK On partners with Ford to apply for a 5 trillion won loan from the U.S. government

BlueOval SK, a joint venture between South Korean battery manufacturer SK On and global automaker Ford Motor Company, is used to manufacture electric vehicle...

SK On plans to develop cobalt-free batteries within 3 years to reduce costs

SK On is planning to develop a cobalt-free electric vehicle (EV) battery, according to TheElec. Cobalt is a key raw material for making EV batteries,...

South Korea’s three major power battery companies 2022 annual sales total 50 trillion won, breaking records

South Korean battery giants LG New Energy, Samsung SDI Corp. and SK On Corp. are expected to reach record total sales of about 50...

SK On is evaluating whether to expand its Seosan plant in Korea again to better meet Hyundai’s demand

According to foreign media reports, with the increase in demand for electric vehicle batteries, a number of battery manufacturers are investing in building factories,...

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