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NEWS TAGGED SK ON
Wednesday 17 January 2024
SK On to mass-produce LFP batteries in 2026 at the earliest
Chey Jae-won, executive vice chairman of SK Group, held meetings with multiple partners at CES 2024 last week, revealing the business plan of SK On, the group's battery arm. SK On...
Friday 12 January 2024
SK On's 'Dancing Car' steals show at CES 2024
South Korean battery company SK On, the sole participant in the industry, showcased its technological prowess with the "Dancing Car" at the Consumer Electronics Show (CES 2024).
Wednesday 3 January 2024
SK On to see EV battery production capacity grow by 70% in 2024
South Korean battery makers are expected to increase production capacity significantly in 2024. With its expansion in China and Hungary, SK On will see its capacity grow by 70%. LG...
Tuesday 26 December 2023
SK On boosts battery investment despite global EV market slowdown
South Korean battery manufacturer SK On is bolstering its domestic battery production capacity with a substantial investment of KRW 1.75 trillion (US$1.34 billion), an increase of...
Tuesday 21 November 2023
SK On: mass production plan in 2Q24 won't be affected by fire at Yancheng site
South Korean EV battery manufacturer SK On's site in Yancheng, Jiangsu Province, has completed construction, but the recent fire incident may impact the production schedule.
Friday 17 November 2023
US government rolls out US$3.5 billion battery funding as manufacturers start layoffs
The US Department of Energy announced on November 15 that it will offer US$3.5 billion of funding to facilitate domestic battery and battery materials production. The news came as...
Monday 6 November 2023
RE100 a key battleground for South Korean battery manufacturers to outmaneuver Chinese peers
South Korea's major battery manufacturers, in response to the demands of the global automotive industry, will require battery material suppliers to provide materials meeting the RE100...
Tuesday 24 October 2023
Detroit and Korea's $28 billion battery bets risk going sideways
Weeks of tense bargaining around Detroit are making battery manufacturers some 6,600 miles (10,600 kilometers) away nervous.
Thursday 31 August 2023
South Korean battery makers could hardly recoup investments in US despite IRA grants
Driven by significant grants under the US Inflation Reduction Act (IRA), South Korean battery makers LGES, SK On, and Samsung SDI have expanded their production investments in North...
Friday 18 August 2023
SK On makes battery material investment in Canada, expanding battery production on home turf
South Korea-based battery manufacturer SK On is accelerating expansion. The company will invest in a new battery material plant in Quebec, Canada, with Ford. It also plans to build...
Tuesday 15 August 2023
TSMC's fab in Germany may only half address major concerns of European carmakers
TSMC has officially entered the European automotive supply chain with plans to establish a joint venture fab in Dresden, Germany, relieving European automakers' concerns about chip...
Monday 26 June 2023
Ford and SK On joint venture poised to receive US$9.2 billion loan to build battery plants
The US Department of Energy announced on June 22 that it plans to loan US$9.2 billion to BlueOval SK, the battery joint venture between Ford and South Korea-based SK On. The loan...
Thursday 25 May 2023
EV battery-maker SK On to raise $944 million to ramp up capacity
SK Innovation Co.'s battery unit will raise as much as $944 million from financial investors in a bid to more than double its global production capacity by the middle of the decade...
Thursday 25 May 2023
Taiwan makers cut into international hydrogen energy supply chain
To meet demand for clean energy in the next generation, hydrogen energy has been regarded as a key market for new energy development by various countries, and Taiwan makers, including...
Wednesday 26 April 2023
Top-3 Korean battery makers keen on domestic capacity expansions
South Korea's top-3 battery makers SK On, LG Energy Solution (LGES), and Samsung SDI are all on track to build additional domestic production capacities, in order to reduce the country's...