SEOUL, Jan. 17 (Korea Bizwire) — SK On, the battery unit of chip-to-construction conglomerate SK Group, said Wednesday it has partnered with U.S. battery startup Solid Power to jointly develop solid-state batteries. SK On signed an agreement with Solid Power for solid-state battery technology transfers from the U.S. company during this year’s Consumer Electronics Show [...]
SEOUL, Nov. 15 (Korea Bizwire) – South Korean battery maker SK On Co. said Wednesday it has partnered with German battery materials firm BASF SE to explore possible business opportunities in the global lithium-ion battery markets. SK On and BASF reached an agreement to collaborate in exploring business opportunities in cathode active materials (CAM) production, [...]
SEOUL, Nov. 6 (Korea Bizwire) — South Korean battery maker SK On Co. said Monday that it has signed a battery cell supply agreement with Swedish electric vehicle (EV) maker Polestar for the latter’s upcoming EV model. Under the deal, SK On will supply battery cell modules to Polestar for its flagship four-door grand tourer EV model, Polestar 5, beginning 2025, [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korean battery maker SK On Co. has achieved a significant milestone by collaboratively developing an advanced oxide-based solid-state electrolyte (SSE) boasting the world’s highest level of lithium-ion conductivity. Lithium-ion conductivity directly impacts the speed of lithium-ion movement within the electrolyte, correlating to battery output and rapid charging capability. [...]
SEOUL, Aug. 18 (Korea Bizwire) — South Korean battery maker SK On Co. said Friday it will invest in a C$1.2 billion (US$886 million) Canadian cathode plant along with Ford Motor Co. and Korean cathode material company EcoPro BM to secure a stable supply of the key battery material in North America. SK On, EcoPro [...]
SEOUL, Aug. 16 (Korea Bizwire) — SK On Co. said Wednesday it is spending 1.5 trillion won (US$1.12 billion) to add a new manufacturing facility in South Korea in its biggest domestic investment as it pushes for an expansion. The envisioned third factory will be established on an area of 44,125 square meters in an [...]
SEOUL, June 25 (Korea Bizwire) — Major South Korean battery makers are tipped to post strong quarterly profits in the second quarter, continuing the robust growth on the back of solid demand in North America and tax benefits from a new U.S. law on green energy, industry data showed Sunday. Top player LG Energy Solution [...]
SEOUL, June 22 (Korea Bizwire) — SK On Co. said Thursday its joint venture with Ford Motor Co. has obtained preliminary approval for a loan of up to US$9.2 billion from the U.S. government, funding that will help them forge ahead with their megaproject to build three battery plants in America. BlueOval SK, the SK [...]
SEOUL, May 24 (Korea Bizwire) — South Korean battery maker SK On Co. has secured US$944 million from investors in a round of funding in preparation for an initial public offering (IPO), its parent company said Wednesday. The board of SK Innovation Co. approved the equity investment agreement it and SK On signed with a [...]
SEOUL, May 23 (Korea Bizwire) —In a recent development, SK On, the Seoul-based battery manufacturer currently engaged in a joint venture with Ford Motor Company in the United States, has expressed unease regarding Ford’s announcement regarding the procurement of its own raw materials. SK On denies having engaged in any discussions with Ford regarding the [...]