SK Innovation got the nod from shareholders Thursday to split off its battery business into an independent company.
SK Innovation signed a 10-trillion-won ($8.5 billion) deal with Korean cathodes supplier EcoPro BM for high-nickel cathodes.
SK Innovation is splitting off its battery business, which will help it better cope with the rapidly expanding electric vehicle (EV) industry.
Gas stations are no longer places just to fill the tank. They are used for trading secondhand products, parking electric bikes and even generating solar power.
SK Innovation and its unionized workers have reached an agreement on employee benefits including vacation and educational support, the company said Thursday.
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.
SK Global Chemical will invest 600 billion won ($522.6 million) in a factory complex in Ulsan that will chemically recycle plastic waste, meaning the plastic can be completely degraded to raw material form.
SK Innovation said Thursday it is considering spinning off its battery business and listing it in the U.S.
A total of 229 battery makers including SK Innovation, LG Energy Solution and Samsung SDI participated the battery exhibition, which will run until June 11.
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.