SEOUL, Jan. 29 (Korea Bizwire) — SK Innovation Co., a South Korean refinery-to-battery company, said Friday it will invest 1.3 trillion won (US$1.2 billion) in its Hungary subsidiary to expand its electric vehicle battery production in Europe. SK Innovation said its investment in SK Battery Hungary Kft. is aimed at building “a new battery factory [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
SEOUL/WASHINGTON, Oct. 26 (Korea Bizwire) — A U.S. trade panel on Monday postponed its final decision on a high-stakes trade secret case involving two South Korean electric vehicle battery markers — LG Chem Ltd. and SK Innovation Co. — to early December. The delay marks the second of its kind after the U.S. International Trade [...]
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 [...]
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 [...]