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SK Innovation Invests in China’s EV Battery Swap Station Operator

SK Innovation Invests in China’s EV Battery Swap Station Operator

SEOUL, Jan. 21 (Korea Bizwire) — SK Innovation Co., a South Korean refinery-to-battery company, said Thursday it has invested in a Chinese battery swap system provider to step up its battery business in the world’s largest market. SK Innovation said it acquired a 13.3 percent stake in Blue Park Smart Energy Technology Co. (BPSE), a [...]

SK Innovation to Issue ‘Green Loan’ Worth US$1 bn for U.S. Battery Plant

SK Innovation to Issue ‘Green Loan’ Worth US$1 bn for U.S. Battery Plant

SEOUL, Jan. 6 (Korea Bizwire) – SK Innovation Co., a South Korean refinery-to-battery company, plans to issue a green bond worth 1.09 trillion won (US$1 billion) to expand its electric vehicle (EV) battery manufacturing capacity in the United States, officials said Wednesday. SK battery America Inc., the Korean firm’s U.S. subsidiary, will issue the green bond, [...]

Enjoy New Year’s Sunrise in Ulsan Through SK Innovation’s YouTube Live

Enjoy New Year’s Sunrise in Ulsan Through SK Innovation’s YouTube Live

SEOUL, Dec. 25 (Korea Bizwire) — SK Innovation Co., South Korea’s top oil refiner, plans to live broadcast its 2021 New Year’s sunrise event through YouTube in accordance with the government’s special anti-COVID-19 measures. The company said it will use YouTube to live broadcast the New Year’s sunrise viewed from its Ulsan Complex for about [...]

SK Innovation Inks Joint Venture Deal to Run Another EV Battery Plant in China

SK Innovation Inks Joint Venture Deal to Run Another EV Battery Plant in China

SEOUL, Dec. 14 (Korea Bizwire) — SK Innovation Co. has invested in an electric vehicle (EV) battery plant in China in the latest move to boost its production capacity amid growing demand for zero-emission cars in the world’s largest auto market, people familiar with the matter said Monday. The South Korean EV battery maker acquired [...]

U.S. Panel Again Delays Ruling on Trade Secret Case Involving 2 Korean EV Battery Makers

U.S. Panel Again Delays Ruling on Trade Secret Case Involving 2 Korean EV Battery Makers

WASHINGTON/SEOUL, Dec. 9 (Korea Bizwire) — A U.S. trade panel on Wednesday again postponed a much-awaited ruling on a trade secret dispute involving South Korean battery makers LG Energy Solution Ltd. and SK Innovation Co. to Feb. 10. The U.S. International Trade Commission (ITC) postponed the final ruling slated for Dec. 10 without elaborating on [...]

S. Korea Develops New Wool Fabric Using Battery Separators

S. Korea Develops New Wool Fabric Using Battery Separators

SEOUL, Dec. 1 (Korea Bizwire) — SK Innovation Co., a South Korean manufacturer of electric vehicle (EV) batteries, announced Monday that Right Route, an eco-friendly social enterprise sponsored by the company, has developed a high-end fabric by upcycling old EV battery separators. Lithium-ion battery separators are a core component of EV batteries, smartphones and other [...]

No Deal Looms Between LG Chem and SK Innovation over Trade Secret Case

No Deal Looms Between LG Chem and SK Innovation over Trade Secret Case

SEOUL, Oct. 19 (Korea Bizwire) — LG Chem Ltd. and SK Innovation Co. — South Korea’s top two electric vehicle battery makers — appear unlikely to produce a breakthrough in their high-stakes trade secret case over EV batteries ahead of next week’s final ruling in the United States, industry officials said Monday. A key issue [...]

SK Innovation Develops Petrochemical Prototypes Using Waste Plastic

SK Innovation Develops Petrochemical Prototypes Using Waste Plastic

SEOUL, Oct. 12 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, announced on Sunday that it had succeeded in making a prototype of a chemical product by using pyrolysis oil obtained by decomposing waste plastic at high temperatures. The company succeeded in manufacturing chemical prototypes such as solvents and lube [...]