SK Innovation
SK Innovation’s Q1 2021 Financial Results: Turnaround after a year of improvement in all businesses with operating profit of 502.5 billion KRW
2021.05.13
■ Recorded a KRW 9.2398 trillion in revenue, KRW 502.5 billion in operating profit – Made a turnaround due to margin rise in petrochemical products and inventory-related profits from rise in oil prices ■ Sales in battery business recorded KRW 526.3 billion, up about 80% from the previous year due to increase in sales volume ...
Kia and SK Innovation join hands to build a circular economy for EV batteries
2021.04.29
■ A year-long empirical testing after sealing the MOU on ”the establishment of an ecosystem for a battery industry for EVs” last March – Aiming to attain a virtuous cycle of the materials for a high voltage battery, a key part of EV, and to curtail CO₂ ■ Used batteries will be reutilized as an ...
SK battery America to hire hundreds starting this month for first EV battery plant in Georgia
2021.04.21
  On April 21st (local time), SK Innovation announced that SK battery America (SKBA), a U.S. production corporation for the EV battery business, has begun large-scale recruitment in preparation for the commercial operation of its first plant early next year.   SKBA is searching for outstanding candidates to apply for jobs in all areas of ...
Georgia Governor Brian Kemp visited SK Innovation’s EV battery plant in Commerce
2021.04.20
  On April 19th (local time), SK battery America, the U.S. subsidiary of SK Innovation battery business was visited by a special group of guests led by Brian P. Kemp, Governor of Georgia at its EV battery manufacturing facility in Commerce, Jackson County. CEO of SK Innovation Kim Jun, President of SK Innovation’s Battery Business ...
Hyundai Motor, Kia and SK Innovation collaborate to develop HEV batteries
2021.04.16
■Jointly developing electric vehicle batteries with mass production and installation to vehicles expected to start in 2024 ■Building a new partnership model for automakers and battery manufacturers, laying the groundwork for industrial growth   Hyundai Motor – Kia and SK Innovation announced on the 16th that they will be collaborating on the development and production ...
SK Innovation’s battery recycling technology recognized by U.S. Argonne National Laboratory
2021.03.29
■ The environmental friendliness of SK Innovation’s world’s first battery metals recycling technology was verified by the U.S. Argonne National Laboratory – Up to 74% and 47% reduction of greenhouse gases when manufacturing lithium and anodes, respectively – Evaluated as an environment-friendly technology able to effectively reduce the use of chemicals ■ Battery recycling-related collaboration ...
SK Battery Hungary turned into profit last year with remarkable performance
2021.03.23
  SK Battery Hungary, SK Innovation’s European base for electric vehicle (EV) battery, is on a full-fledged growth track. The fast improvement in figures is thanks to the early stabilization of yield rate as well as the exponential growth rate of the local EV markets in Europe.   According to SK Innovation’s business report announced ...
POSCO – SK signed an MOU to develop automotive lightweight materials
2021.03.08
■ Two companies signed an MOU at POSCO Center in Daechi-dong, Seoul on Feb 8th as a preemptive response to changes in auto parts market ■ Posco and SK are considering development of steel-plastic composite materials applicable to EV battery packs ■ President of POSCO Steel Business Unit Kim Hak-dong: “Going beyond steel to prepare ...
SK Innovation and SK Energy joined REALISE CCUS project for CO2 capture technology research cooperation
2021.03.05
  SK Innovation and its subsidiary SK Energy have recently announced its participation in REALISE CCUS project coordinated by SINTEF for the collaboration of carbon capture technology research from 2021 to 2023 after signing the Collaboration Agreement on February 25th.     SINTEF (The Foundation for Scientific and Industrial Research) is one of Europe’s largest independent ...
SK Innovation’s 2020 Financial Results: Battery business grew more than twice compared to the previous year despite overall decline in business performance
2021.01.29
■The battery business set a new annual revenue record of 1.6 trillion KRW for the first time in 2020 ■The company recorded revenue of 7.6776 trillion KRW and operating loss of 243.4 billion KRW in the 4th quarter of 2020 Annual revenue and operating loss in 2020 were 34.1645 trillion KRW and 2.5688 KRW respectively ...
SK Innovation decided to invest in the 3rd European battery plant in Hungary
2021.01.29
■Planning to construct the 3rd European plant of 30 GWh to grow the battery business, a future growth driver – (Iváncsa, Hungary) The company will invest USD 2.29 billion by 2028 in an area measuring 700,000 m2, which is equivalent to 98 football stadiums. ■Coming closer to the mid- and long-term goal of “global production capacity ...
SK Innovation enters battery swap business in China
2021.01.21
■ SK Innovation recently participated as a strategic investor in Blue Park Smart Energy (BPSE), a subsidiary of BAIC Group in China. BPSE: a battery swap type EVs supplier and battery swap station operator ■ SK Innovation has secured a foothold to promote the BaaS (Battery as a Service) business in China, the world’s largest ...