Hyundai and SK On seek a $1.5 billion loan for their Georgia battery plant supported by Korean government.
SK On sealed a massive battery supply deal with Nissan, providing batteries for some 1 million EVs under a contract speculated to be worth over $10.3 billion.
Korean battery makers showcase advancements at InterBattery 2025, aiming to compete with cheaper Chinese firms.
Samsung SDI, SK On and LG Energy Solution will display their latest developments in battery technology at the industry expo at Coex in March as they seek to rebound from declining EV demand.
Korean battery maker SK On secured a $9.6 billion loan from the U.S. government for its three battery manufacturing facilities in Kentucky and Tennessee, a jointly investment with Ford Motor.
A road in Hungary has been named after SK Group.
SK On, a Korean battery maker, posted a profit in the third quarter for the first time since its establishment three years ago.
Battery maker SK On will raise 1 trillion won ($750 million) through a third-party capital increase to improve its financial structure following 11 consecutive quarters of losses.
Battery maker SK On is offering voluntary resignation packages in a bid to turn a profit this year for the first time ever by trimming its workforce.
SK Innovation remained in the red due to weak oil prices in the second quarter, with its battery-making arm, SK On, failing to turn a profit for the 11th consecutive quarter.
Korea JoongAng Daily Sitemap
