SEOUL, Jan. 29 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner, will boost investment in its electric vehicle (EV) battery and materials business, a top executive has said. SK Innovation CEO and President Kim Jun made the comments in an interview with the company’s in-house news channel that was provided to employees Wednesday [...]
SEOUL, Jan. 17 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, will soon begin mass production of electric vehicle (EV) batteries that will offer a range of 500 kilometers on a single charge. The company is currently building a new EV battery plant in Georgia, the United States, with the [...]
SEOUL, Jan. 10 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, said Friday it will invest 1 trillion won (US$860 million) to build its second car battery plant in the United States. SK Innovation has already invested 1.9 trillion won to build a car battery plant with a capacity of [...]
SEOUL, Dec. 5 (Korea Bizwire) – SK Innovation Co., a major energy and chemical company in South Korea, said Thursday that it has built its first electric vehicle (EV) battery cell manufacturing plant in China in the latest move to tap deeper into the world’s largest EV market. The completion ceremony for BEST — a [...]
SEOUL, Dec. 4 (Korea Bizwire) — SK Innovation Co., a major electric vehicle (EV) battery maker in South Korea, said Wednesday it has signed a six-year deal with Swiss-based Glencore PLC to secure supplies of cobalt, a key material used in EV batteries. Under the agreement, SK Innovation will receive a total of 30,000 tons [...]
SEOUL, Nov. 14 (Korea Bizwire) — SK Innovation Co. and Doosan Heavy Industries & Construction Co. said Thursday they will take part in a Vietnamese environmental project as a part of their corporate social responsibility efforts. The two companies signed a multiparty memorandum of understanding (MOU) with the Quang Ngai provincial government in Vietnam for [...]
SEOUL, Oct. 15 (Korea Bizwire) — SK Global Chemical Co., a chemical affiliate of South Korea’s energy giant SK Innovation Co., said Tuesday it will acquire French chemical firm Arkema S.A.’s functional polyolefins business for 335 million euros (US$369 million) in the latest move to boost its packaging business. SK Global Chemical said the acquisition [...]
SEOUL, Oct. 13 (Korea Bizwire) — South Korean battery makers such as No. 1 player LG Chem Ltd. are likely to deliver weaker-than-expected earnings for the third quarter due to weak performance in their chemicals and battery business sectors, industry sources said Sunday. LG Chem, the country’s top chemical firm, is expected to have logged [...]
SEOUL, Sept. 27 (Korea Bizwire) – SK Innovation Co., a major electric vehicle (EV) battery maker in South Korea, will establish a joint venture to produce EV batteries in China, industry sources said Friday. According to the sources, Chinese battery firm EVE Energy Co. has approved a plan to set up the EV battery joint [...]
SEOUL, Sept. 27 (Korea Bizwire) – LG Chem Ltd. said Friday it has filed additional lawsuits against local rival SK Innovation Co. in the United States over electric vehicle (EV) battery patents, upping the stakes of their month-long legal row. LG Chem said it filed a pair of lawsuits with the U.S. International Trade Commission [...]