■ SK Innovation Board of Directors approved the agreement on SK On attracting new long-term financial investors on May 24 ■ Secured up to USD 944 million (KRW 1.24 trillion) in total through USD 800 million from MBK Consortium and USD 144 million from Saudi Arabia’s SNB Capital ■ Surpassed the initial target amount (KRW ...

■ SK On’s NCM9 battery receives a Bronze award in the Smart Transportation category ■ Following the Best of Innovation Award at CES, SK On is once again recognized for its technology   SK On, a leading electric vehicle (EV) battery manufacturer, announced its NCM9 battery has achieved the Bronze award in EV Battery Enhancement ...

Aiming to be a global leading Green Energy & Materials Company, SK Innovation and all affiliates are taking “Carbon to Green” strategies with innovative solutions that can bring clean energy to the world and build a sustainable world for our future.   Through SKinno Tech Series, we will provide a comprehensive introduction from the basics ...

■ To start constructing a battery precursor plant with annual capacity of about 50,000 tons within the year, expected to complete by the end of 2024 ■ SK On to strengthen raw material supply chain while contributing to revitalization of the local economy ■ The facility in Korea this time is another joint work of ...

  SK On is participating in InterBattery 2023 held at Coex Convention & Exhibition Center, Seoul from March 15 to 17. Hosted by the Korean Ministry of Trade, Industry and Energy, InterBattery is Korea’s most representative battery exhibition event that attracts hundreds of battery companies and tens of thousands of visitors every year.   This ...

■ Improved fast charging function; completed development of a prismatic prototype, and to start production within the year ■ Diversifying product portfolio with cobalt-free cell, LFP cell as well to secure global competitiveness   On March 9 (KST), SK On revealed that it would display a mock-up of a prismatic battery at InterBattery 2023, the ...

United States Department of Transportation Secretary Pete Buttigieg visited BlueOval SK Battery Park today in Glendale, Kentucky to highlight job growth and workforce development. The site will be home to two new electric vehicle battery manufacturing facilities and create 5,000 new jobs in Kentucky.   “When it opens, this will be one of the largest ...

  “It’s now not just about securing minerals supply, but understanding ethics and geopolitics.”   Every so often I scroll through my social media feeds to find disturbing pictures of child labor or environmental damage that are purported to be the result of mining for battery minerals.   While these pictures and stories are sometimes ...

■ SK Group’s major affiliates to exhibit electric vehicle (EV) batteries, materials, and infrastructure at CES 2023 in January ■ Includes SKC’s 4 ㎛ copper foil, the world’s thinnest foil, and SK On’s battery, which ranges 400 km on a single charge ■ “Fully charged” top technologies targeting future markets, including SK Signet’s fast charger ...

  SK Group has set and been taking actions to reach the goal of contributing 1% of global carbon reduction target. As a member of SK Group, SK Innovation, along with all its subsidiaries, is also taking the lead in the Net Zero journey by implementing “Carbon to Green” strategy to transform into a Green ...

■ SK On’s capital will be raised by KRW 2.8 trillion, of which KRW 2 trillion will be invested by SK Innovation and KRW 0.8 trillion by Korea Investment Private Equity KRW 0.8 trillion ■ SK Innovation views this investment as “a preemptive response to battery business demand secured by customers” and expects “positive impact ...

■ The two companies to cooperate in the metal recovery business for cathode materials from end-of-life batteries, aiming to establish a joint recycling venture in Korea in 2023 and start commercial production in 2025 ■ SK Innovation’s lithium recovery technology and SungEel HiTech’s technology of recovering nickel, cobalt, and manganese expected to synergize to secure ...