Battery Business
Samsung Securities expects SK Innovation to record earning surprise in Q1 2022
  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 ...
[SK Innovation’s 2021 Financial Results] Operating profit hit KRW 1.7656 trillion with improvements in the core businesses. EV battery business achieved annual sales of KRW 3 trillion, accelerating its growth
■ KRW 46.8429 trillion for annual sales and KRW 1.7656 trillion for operating profit in 2021 – Along with the increase of the oil price, significant improvements in the profit margin of petrochemicals/lubricants contributed to the turnaround of operational profit ■ For the first time, the battery business broke through the KRW trillion ceiling in ...
SK Innovation and Ford invest $11.4 billion to seize the top position in U.S. battery market via BlueOvalSK
■ Announced an investment plan for their joint venture BlueOvalSK’s factories in Tennessee and Kentucky on Sep. 27, 2021 (US local time) – Ford Executive Chair Bill Ford, Ford President and CEO Jim Farley, Governors of Tennessee and Kentucky, President of SK Innovation’s Battery Business Jee Dong-seob will attend the event ■ The investment by two companies ...