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, [...]
SEOUL, Dec. 9 (Korea Bizwire) — Hyundai Motor Group and SK On Co. will build an electric vehicle battery manufacturing facility near Atlanta in the U.S. state of Georgia, the state government has announced, after the two South Korean companies unveiled a plan to join hands on EV battery supply. The two companies will establish [...]
SEOUL, Dec. 6 (Korea Bizwire) — South Korean battery maker SK On Co. said Tuesday its joint venture with Ford Motor Co. has broken ground on an electric vehicle battery plant in the U.S. state of Kentucky. The project is part of the US$11.4 billion investment the two companies announced in September last year to [...]
SEOUL, Nov. 30 (Korea Bizwire) – SK On Co., the battery-making unit under South Korea’s SK Group, will raise up to 1.3 trillion won (US$985 million) from six local private equity funds, its parent firm said Wednesday, a move that will help the company secure funds before pushing for an initial public offering (IPO). SK [...]