LG Energy Solution signed a deal with Australian Mines to source nickel and cobalt, core materials for batteries.
SK Innovation will get a 90 million euros ($106.2 million) subsidy from the Hungarian government for its second electric vehicle (EV) battery plant, the company said Sunday.
The Export-Import Bank of Korea is extending a $500 million green loan to SK Innovation for its second electric vehicle (EV) battery plant in Hungary.
The chairman of the SK Innovation board blasted a U.S. ruling against the company for intellectual property theft and suggested that a multi-billion battery investment in the country could be abandoned or unloaded.
The U.S. International Trade Commission (ITC)’s final ruling on the high-profile battle between Korean battery makers LG Chem and SK Innovation was postponed for a third time to February 2021.
SK Innovation is pushing for its third battery plant in Hungary, people familiar with the issue said Monday.
SK Innovation will invest another $940 million in expanding its electric vehicle (EV) battery plant in the United States, a U.S. official has said.
An expected meeting between Hyundai Motor Group Executive Vice Chairman Euisun Chung and LG Group Chairman Koo Kwang-mo will focus on the two conglomerates' partnership in the electric vehicle (EV) battery businesses on June 22.
SK Innovation is building a second electric vehicle (EV) battery plant in Jackson County, Georgia. The decision was finalized at a board of directors meeting on Tuesday.