SK On Invests US$2.53 bln for New EV Battery Plant in China

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 [...]