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SK Innovation Swings to Black in Q3 on Strong Lube Oil, Battery Sales

SK Innovation Swings to Black in Q3 on Strong Lube Oil, Battery Sales

SEOUL, Oct. 29 (Korea Bizwire) — SK Innovation Co. said Friday it turned to the black in the third quarter from a year earlier on strong sales in its lubricant oil and battery businesses amid reviving demand after a pandemic-driven slump. The energy and chemical subsidiary of SK Group, South Korea’s No. 3 conglomerate, reported [...]

SK Innovation to Develop All-solid-state Batteries with U.S. Firm

SK Innovation to Develop All-solid-state Batteries with U.S. Firm

SEOUL, Oct. 28 (Korea Bizwire) — SK Innovation Co., a South Korean battery maker, said Thursday it will develop and produce all-solid-state batteries with a U.S. firm, in a bid to expand its foothold in the next-generation battery market. Under the joint venture deal with Solid Power, a Colorado-based solid-state battery developer, SK Innovation will [...]

SK Innovation, Ford to Invest 13 tln Won to Build Three U.S. Battery Plants

SK Innovation, Ford to Invest 13 tln Won to Build Three U.S. Battery Plants

SEOUL, Sept. 28 (Korea Bizwire) — South Korean battery maker SK Innovation Co. and American automaker Ford Co. said Tuesday they will invest 13 trillion won (US$11 billion) to build three electric vehicle batteries in the United States by 2025. A joint venture between the two companies, called BluOvalSK, will build an assembly and battery [...]

SK Innovation to Get 90 mln Euro in Incentives from Hungary for Battery Plant Project

SK Innovation to Get 90 mln Euro in Incentives from Hungary for Battery Plant Project

SEOUL, July 18 (Korea Bizwire) — South Korea’s SK Innovation Co. will receive incentives worth 90 million euro (US$106 million) from the Hungarian government for investing in the country with a project to build a battery plant, the company said Sunday. The energy and chemical subsidiary of the nation’s No. 3 conglomerate, SK Group, has [...]