SEOUL, March 23 (Korea Bizwire) — South Korean battery maker SK On Co. said Thursday it is forming a joint venture with two battery component partners to build a precursor manufacturing facility on the country’s southwest coast. SK On will sign an investment agreement with EcoPro Co. and China’s Green Eco-Manufacture (GEM) on Friday, under [...]
SEOUL, March 9 (Korea Bizwire) – SK On Co. said Thursday it plans to unveil its first prismatic cell at an upcoming battery exhibition next week, along with a set of other latest products, in a move to diversify the portfolio to meet growing demand for a wider range of cell types. The prismatic cell mockup will [...]
SEOUL, March 7 (Korea Bizwire) – The Korean battery industry is making strides in developing lithium iron phosphate (LFP) batteries, with SK On Co. set to unveil a prototype at the Interbattery exhibition later this month and LG Energy Solution Ltd. (LGES) is also expanding its LFP battery product portfolio. SK On will be the [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korean battery maker SK On said Wednesday it is looking into the suspended production of Ford Motor Co.’s electric pickup truck equipped with its battery. Ford Motor has suspended production and shipment of the all-electric F150 Lightning pickup since early last week to address a potential battery issue, [...]
SEOUL, Feb. 10 (Korea Bizwire) — SK On Co., the battery-making unit under South Korea’s SK Group, is struggling after missing the opportune timing for its initial public offering (IPO), and accumulating operating losses. Investor resistance to the listing of subsidiaries through physical division has become rampant since the listing of LG Energy Solution Ltd., [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korean battery maker SK On Co. is set to open an IT facility in the U.S. state of Georgia later this month, according to Georgia governor’s office Friday, as part of its major investment in the region that includes the establishment of two electric vehicle (EV) battery plants. [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korean battery maker SK On Co. said Thursday it has joined hands with a U.S. company to jointly develop natural graphite anode materials used in electric vehicle (EV) batteries, in the latest move to diversify the supply of key battery components. Under the joint development agreement recently signed [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korean battery maker SK On said Monday it is considering withdrawing an initial pact with Ford Motor Co. and their local partner Koc Holding A.S. to build a car battery plant in Turkey. In March last year, the three companies signed a memorandum of understanding (MOU) to produce [...]
LAS VEGAS, Jan. 5 (Korea Bizwire) — SK On Co. is continuing to make best efforts for a turnaround in its battery business despite volatile market conditions, its co-chief said Thursday. Chey Jae-won, senior vice chairman of SK Group and a co-chief of its battery-making arm, made the remarks at CES 2023 taking place in Las [...]
SEOUL, Dec. 26 (Korea Bizwire) — South Korean battery maker SK On Co. said Monday it will present its high-nickel battery lineups and a next-generation solid state battery jointly being developed with a U.S. partner at a tech show in the United States next week. SK On said it will unveil the Super Fast Battery, [...]