SEOUL, April 28 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, said Tuesday that it will invest US$727 million in building its second electric vehicle (EV) battery plant in the United States. The investment in SK Battery America, which is wholly owned by SK Innovation, is meant to further boost [...]
SEOUL, April 20 (Korea Bizwire) — SK Innovation Co., a major energy and chemical company in South Korea, said Monday that it will supply electric vehicle (EV) batteries to its Chinese partner, Beijing Automotive Group (BAIC Group). BAIC’s MARK 5, set to be released in the second half of this year, will be powered by [...]
SEOUL, Feb. 16 (Korea Bizwire) — The U.S International Trade Commission (ITC) has made a preliminary ruling in favor of LG Chem Ltd. over its local rival SK Innovation Co. in their electric vehicle (EV) battery trade secret litigation, officials here said Sunday. “This preliminary ruling means that the ITC accepted LG Chem’s claims and [...]
SEOUL, Feb. 9 (Korea Bizwire) — SK Lubricants Co., an affiliate of refiner SK Innovation Co., said Sunday it has made a stake investment in a Vietnamese lubricants company for an expansion into Asian markets. SK Lubricants signed a deal to acquire a 49 percent stake in Mekong, Vietnam’s biggest lubricants company, on Friday to [...]
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 [...]