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SK Innovation Shifts to Black in Q4 on Strong Petrochem, EV Battery Sales

SK Innovation Shifts to Black in Q4 on Strong Petrochem, EV Battery Sales

SEOUL, Jan. 28 (Korea Bizwire) — SK Innovation Co., the energy and chemical affiliate of South Korean conglomerate SK Group, said Friday it swung to the black in the fourth quarter from a year earlier on strong petrochemical demand and electric vehicle (EV) battery sales. Net income came to 163.4 billion won (US$135.7 million) in [...]

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 [...]