In the earnings report for April 18, Samsung Securities analyst Cho Hyun-ryul expects, “SK Innovation’s Q1 2022 operating profit is going to reach KRW 1,301.8 billion, probably exceeding recently raised consensus by 28%. This earnings surprise derives from the sharp rise in oil prices and bolstered refining margin caused by Russia-Ukraine War.” He suggested ...

▲ Ferrari’s first PHEV SF90 Spider model (left) and Genesis GV60 model (right) loaded with SK On’s battery were displayed in SK On’s booth at InterBattery 2022 held from March 17 to 22 in Seoul, Korea.   Last year, numerous media outlets plastered their headlines with IT giant company Apple making autonomous vehicles. And that ...

If you own an electric vehicle (EV), you would know that there are essentially 3 questions that make up 90% of the questions are asked about EVs:   1) How much does it cost? 2) What is the driving range? 3) How long does it take to charge?   This isn’t just my experience or ...

  While the world is making efforts to reduce carbon emissions, the complete vehicle industry is making the switch from an internal combustion engine business model to electric vehicles (EV). As EVs have become well-known as an eco-friendly means of transportation, the global sales for these vehicles are rapidly increasing. However, this increase in EV sales also means ...

  “In 2021, almost 6.5 million new passenger plug-in electric cars were registered globally, which is about 108% more than the 3.1 million in 2020.” These are the numbers mentioned in the latest report released on Feb 2 by InsideEVs, quoting EV-Volumes data. It is undeniable that the world is taking big shift into electric vehicles ...

  Hwang Gyu-won, a researcher at Yuanta Securities, said in a report on February 3, “SK Innovation’s battery business is expected to undergo revaluation due to three fundamental improvements,” and suggested a target stock price of KRW 410,000 won for SK Innovation.   In the report, researcher Hwang explained three reasons for the turn-up of ...

  Securities firms in and outside Korea are sending positive signals to SK Innovation’s oil refining business and battery business.   Lee Jin-myung, senior researcher at Shinhan Financial Investment, said in a report dated January 19th that “2022 will be a good year for both SK Innovation’s traditional and new growth businesses,” and proposed a ...

▲ Mike Otworth, CEO of PureCycle Technologies (left) posed for a photo with Na Kyung-soo, CEO of SK Geo Centric (right) at PureCycle Technologies’ facility in the U.S. during SKGC’s North American tour in November 2021.   SK Geo Centric (SKGC) is presenting a plan for the circular plastic ecosystem, taking the lead in providing ...

  “Carbon neutrality” refers to the goal of reducing actual carbon dioxide (CO2) emissions to zero (0) by taking countermeasures to absorb as much CO2 as is emitted. In a report published in 2018, the Intergovernmental Panel on Climate Change (IPPC) predicted that the average global warming would climb above 1.5°C from 2035 to 2052, ...

▲ Daniel Solomita, CEO of Loop Industries (left), and Na Kyung-soo, CEO of SK Geo Centric (right) posed for a commemorative photo at Loop Industrics’ facility during SKGC’s North America tour in November 2021 SK Geo Centric is proposing a roadmap for a circular plastics ecosystem through its global partnering, paving the way to give a ...

  In April this year, SK Geo Centric (SKGC) announced the company’s cooperation with Kolon Industries to launch biodegradable plastic product PBAT (Polybuthylene Adipate-co-Terephthalate). As the launching is fast approaching, we have met Park Sang-hyun, the PO (Project Owner) of B1 Squad, SKGC to learn more about what PBAT is and how SKGC is taking ...

  ㅣBattery business expansion strategy based on regions   While Europe and China have pushed the EV market forward, the proportion of EV sales in total automotive sales in the United States was just 10.4 % in the third quarter of 2021. However, as the Biden administration seeks to introduce relevant legislation, such as an ...