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 [...]
SEOUL, Nov. 25 (Korea Bizwire) — South Korean battery maker SK On Co. said Friday it has signed an initial agreement with two battery component producers to build a facility in Indonesia to produce an intermediate nickel product for electric vehicle batteries to secure stable supply of the key material. The memorandum of understanding (MOU) [...]
SEOUL, Nov. 6 (Korea Bizwire) — SK On, a South Korean car battery maker, said Sunday it has signed a deal to purchase lithium from Chilean firm SQM in its import diversification strategy. Under the deal, SQM will supply a total of 57,000 tons of lithium to SK On for five years starting 2023. The [...]
SEOUL, Oct. 12 (Korea Bizwire) — South Korean battery maker SK On Co. said Wednesday it has signed a long-term supply agreement for high-purity lithium with an Australian resources developer. Under the agreement signed with Lake Resources on Tuesday, SK On will be provided with 230,000 tons of lithium, a key raw material used in [...]
SEOUL, July 22 (Korea Bizwire) — South Korean battery maker SK On Co. said Friday it has partnered with Ford Motor Co. and a domestic cathode firm to jointly invest in a cathode materials production facility in the United States. SK On said it it has recently signed a letter of intent with Ford and [...]
SEOUL, July 14 (Korea Bizwire) — SK On Co.’s electric vehicle (EV) battery joint venture with Ford Motor Co. in the United States has formally set sail, the South Korean battery maker said Thursday, paving the way for SK’s new battery unit to accelerate its overseas push amid burgeoning EV demand. The official launch of [...]
SEOUL, June 16 (Korea Bizwire) — South Korean battery maker SK On Co. and steel giant POSCO jointly announced on Wednesday that they had signed a memorandum of understanding to promote comprehensive cooperation in their burgeoning secondary battery business. The two parties plan to unite forces to explore joint projects throughout the entire value chain [...]
SEOUL, April 4 (Korea Bizwire) — South Korean battery maker SK On Co. said Monday it has jointly developed a battery monitoring chip with a local startup in a move that helps ensure a stable supply of the key component in the battery management for automotive and other devices. The co-development of the battery monitoring [...]