SEOUL, March 31 (Korea Bizwire) — SK On Co. is not considering an initial public offering (IPO) for at least another two to three years but will build up its competitiveness and enhance corporate value before pushing for a market debut, head of its parent company said Thursday. The potential listing of SK On has [...]
SEOUL, March 22 (Korea Bizwire) — South Korean battery maker SK On Co. on Tuesday welcomed the European Union’s approval on Hungary’s aid to its electric vehicle (EV) battery plant construction in Ivancsa, south of Budapest. “We welcome the EU’s decision,” the company said. “We will do our best to contribute to Europe’s electrification and [...]
SEOUL, March 17 (Korea Bizwire) — Major South Korean battery makers are showcasing their latest technologies and visions for future growth during an international battery exhibition in Seoul this week, the companies said Thursday. SK On Co., LG Energy Solution Ltd. and Samsung SDI Co. were among some 250 battery and battery parts manufacturers and [...]
SEOUL, March 14 (Korea Bizwire) — South Korean battery maker SK On Co. said Monday it has signed an initial deal with U.S. carmaker Ford Motor Co. and Turkish conglomerate Koc Holding A.S. to build an electric vehicle (EV) battery plant in Turkey in its latest move for overseas expansion. The three companies inked the [...]
SEOUL, Nov. 30 (Korea Bizwire) — SK On, the new battery spinoff of SK Innovation Co., has launched a pilot project to churn out eco-friendly energy storage system (ESS) using the batteries collected from scrapped electric vehicle batteries. The company said Monday that it had signed a business agreement with the state-run Korea Electrical Safety [...]
SEOUL, Nov. 4 (Korea Bizwire) — SK On, the new battery spinoff of SK Innovation Co., said it is investing US$2.53 billion to build a new production line for electric vehicle batteries in China, industry sources said Thursday. SK On recently signed a contract with Yancheng city in China’s northeastern Jiangsu Province to build its [...]