SEOUL, April 28 (Korea Bizwire) — SK Innovation Co., a South Korean refinery-to-battery maker, said Wednesday it has struck a deal to sell its 40 percent stake in a lubricant subsidiary to a Korean private equity fund for 1.1 trillion won (US$987 million) as it is seeking to secure funds for its battery business. SK [...]
SEOUL, April 25 (Korea Bizwire) — SK Innovation Co., South Korea’s refinery-to-battery maker, is back in the driver’s seat to propel its electric vehicle battery business with stake sales and a planned listing of its subsidiary as its recent settlement with LG Energy Solution Ltd. cleared prolonged business uncertainties. The subsidiary of the nation’s No. [...]
SEOUL, April 16 (Korea Bizwire) — South Korean auto giant Hyundai Motor Group said Friday it will collaborate with local battery maker SK Innovation Co. to develop the battery system for its upcoming hybrid electric vehicles (HEVs). The pouch-type battery cell will be topped on HEVs to be released by the automotive group’s two affiliates [...]
SEOUL, April 15 (Korea Bizwire) — SK Innovation Co. said Wednesday that it will replace the boiler fuel at its Ulsan refining complex, the nation’s first oil refinery, with eco-friendly liquefied natural gas (LNG) fuel starting from July. Since 2019, the refinery-and-battery unit of SK Group has invested a total of 69 billion won (US$61.8 [...]
SEOUL, April 12 (Korea Bizwire) — Shares of two Korean battery makers spiked Monday as they ended a two-year legal dispute over electric vehicle (EV) battery technology, which cleared uncertainty over their businesses. On Sunday, LG Chem-owned LG Energy Solution Ltd. and SK Innovation Co. reached a last-minute settlement in a bitter U.S. trade dispute, [...]
SEOUL, April 11 (Korea Bizwire) — Two Korean battery makers reached a long-awaited settlement on Sunday to resolve their bitter battery battle, clearing prolonged uncertainty in the face of toughening competition on multiple fronts amid the growing electric vehicle market. LG Energy Solution Ltd. and SK Innovation Co. said they have agreed to settle in [...]
SEOUL, April 1 (Korea Bizwire) — The U.S. International Trade Commission (ITC) on Thursday made a preliminary ruling in favor of South Korea’s No. 2 battery maker SK Innovation Co. in a patent suit with its local rival LG Energy Solution Ltd., the latest twist in the bitter dispute between the two Korean battery makers. [...]
SEOUL, March 31 (Korea Bizwire) — SK IE Technology Co. (SKIET), a battery materials subsidiary of SK Innovation Co., said Wednesday it will commence the initial public offering process for its Seoul bourse debut in May. SKIET, which makes lithium-ion battery separators, said it will float 21.4 million shares on the KOSPI market at prices [...]
SEOUL, March 30 (Korea Bizwire) — An U.S. research institute has recognized SK Innovation Co.’s newly developed battery recycling technology as ‘eco-friendly’. The South Korean EV battery maker reported that Argonne National Laboratory, a U.S. Department of Energy multidisciplinary science and engineering research center, made an assessment via its Battery Lifecycle Analysis that the company’s [...]
SEOUL, March 26 (Korea Bizwire) — SK Innovation Co. won’t accept LG Energy Solution Ltd.’s excessive demand to settle its battery lawsuit in the United States and will continue to make efforts to resolve legal issues, a senior company official said Friday. The refinery-and-battery unit of SK Group expressed regret over the U.S. International Trade [...]