SK On Secures $755 Million Through Rights Offering as EV Battery Market Slows
SK On, a subsidiary of SK Innovation, disclosed that it would raise 1 trillion won (approximately $755 million) through a ...
Tag: SK On
Facing EV Demand Decline, SK On Announces Workforce Reduction Plans
SK On, South Korea's fifth-largest electric vehicle battery manufacturer, announced plans to introduce voluntary redundancy programs to reduce its workforce. ...
EV Battery Maker SK On Declares ‘Emergency Management: FT
The electric vehicle (EV) battery manufacturer SK On has declared a state of crisis due to disappointing EV sales in ...
SK Group Restructures: SK Innovation and SK E&S Eye $77 Billion Merger
South Korea's SK Innovation Co., the parent company of the nation's largest oil refiner, SK Energy Co. and battery maker, ...
Luxury Carmaker Ferrari Joins Forces with SK On for EV Battery Innovation
Luxury carmaker Ferrari has teamed up with South Korea's SK On to work on batteries for its future electric vehicle. ...
SK On and Ford’s EV Partnership: Adapting to Market Realities
Ford's electric vehicle (EV) battery partner, SK On, foresees a challenging year for EV sales in 2024 but maintains a ...
SK On Invests $1.12 Billion to Boost Battery Production in South Korea
South Korean battery manufacturer SK On has announced an investment of 1.5 trillion won ($1.12 billion) to expand its domestic ...
