May 25, 2023 - 11:44 am
SK On gathers another 880 million euros
SK On, the battery division of the South Korean company SK Innovation, has secured further capital for its global expansion. SK On has now managed to well exceed its targeted investment amount of 4 trillion won with the addition of this latest financing round.
May 2, 2023 - 12:58 pm
Sunwoda sources battery separator films from SK subsidiary
The South Korean company SK IE Technology (SKIET) has reached an agreement with the Chinese battery manufacturer Sunwoda to supply separators for electric car batteries. Initially, the agreement will cover China, but later the supply will also be extended to Europe.
Feb 24, 2023 - 04:46 pm
Hyundai to deliver 700 fuel cell buses to Incheon
The South Korean city of Incheon, located near the capital Seoul, plans to introduce a total of 700 fuel-cell buses by the end of 2024. A total of 200 of these H2 buses are to be put into operation this year, and the rest next year.
Jan 2, 2023 - 03:54 pm
SK On raises funds to expand production capacities
SK On, the battery division of the South Korean company SK Innovation, which was spun off in autumn 2021, will receive 2.8 trillion won in additional capital to expand its business. Converted, this currently corresponds to around 2 billion euros.
Dec 23, 2022 - 01:40 pm
SK Innovation to get involved in battery recycling
SK Innovation and the recycling specialist SungEel HiTech want to launch a battery recycling joint venture in Korea. Both sides have just signed a letter of intent. The joint venture is to be founded next year.
Sep 26, 2022 - 01:14 pm
Ford & SK launch construction of BlueOval City
In the US state of Tennessee, construction work has begun on the first joint battery and electric car factory of Ford and SK On. A new all-electric pickup truck and batteries for electric vehicles from Ford and Lincoln are to be produced there from the planned opening in 2025.
Jul 27, 2022 - 01:49 pm
Volkswagen kicks off production of the ID.4 in the USA
After months of pre-series production, Volkswagen has now built the first production model of the ID.4 for customer deliveries at its US plant in Chattanooga. In the course of the fourth quarter of 2022, production is to be ramped up to 7,000 cars per month.
May 1, 2022 - 05:28 pm
SK On to work on Korean battery standards
In Korea, SK On –the battery division of the South Korean company SK Innovation – has signed a ‘Business Agreement on Establishing Standards for EV Battery Status and Valuation’ with the Korea Automotive Inspection and Warranty Association (KAIWA).
Mar 24, 2022 - 10:04 pm
SK Group affiliate acquires EverCharge
SK E&S, an energy company affiliated with South Korea’s conglomerate SK Group (SK Innovation), is entering the US electric vehicle charging market. SK E&S has acquired US EV charging solution provider EverCharge.
Jan 19, 2022 - 04:44 pm
SK Innovation aims to advance all-solid-state batteries
SK Innovation has revealed that it will be collaborating with a research team led by Professor Lee Seung-woo of Georgia Tech in the United States with the aim of advancing “the era of next-generation all-solid-state batteries.” SK Innovation is not only conducting its own research but putting efforts to develop all-solid-state batteries actively cooperating with […]
Jan 11, 2022 - 12:48 pm
Volkswagen prepares for ID.4 production in the USA
VW will start series production of the ID.4 in the USA in September or October 2022, according to its North American unit head. There will probably be slight differences to the examples of the electric SUV built in Europe.
Nov 4, 2021 - 05:02 pm
SK On to build fourth battery plant in China
SK On, the battery division of the South Korean company SK Innovation, which was spun off at the beginning of October, is apparently planning its fourth and so far largest production facility for electric car batteries in China. According to an agency report, the new plant will not be part of a joint venture, but […]
Oct 28, 2021 - 03:58 pm
SK Innovation invests in Solid Power
SK Innovation has signed a development agreement with the US solid-state battery specialist Solid Power and will also invest in it. The declared goal is to develop a solid-state battery with an energy density of at least 930 Wh/l.
Oct 8, 2021 - 01:34 pm
SK Innovation opens first Polish battery material plant
SK IE Technology (SKIET) has officially opened its first of a total of four planned production facilities for separators for use in electric car batteries in Poland. The subsidiary of the South Korean battery cell manufacturer SK Innovation plans to start production there this year.
Oct 1, 2021 - 01:24 pm
SK Innovation spins off battery division
SK Innovation officially completed the spin-off of its battery business on 1 October. The now independent battery division of the South Korean company is called SK On and is headed by Jee Dong-seob.
Sep 28, 2021 - 11:34 am
Ford & SKI to build 4 e-mobility plants in the USA
Ford has announced a massive expansion of its electric vehicle business. Together with battery partner SK Innovation (SKI), Ford will invest 11.4 billion US dollars in the construction of second new sites with assembly and battery plants in Tennessee and Kentucky. Operations are scheduled to begin in 2025.
Sep 9, 2021 - 01:54 pm
SK Innovation to supply battery cells for Xpeng
According to a media report, the Korean battery cell manufacturer SK Innovation has won the Chinese electric car manufacturer Xpeng as a new customer. Xpeng has so far mainly relied on cells from CATL.
Aug 4, 2021 - 10:54 am
SK Innovation to spin off battery division
SK Innovation has decided to spin off its battery business. The new company, provisionally named SK Battery, is to be founded on 1 October. In the second quarter, however, the division was still in the red.
Jul 20, 2021 - 05:31 pm
SK Innovation subsidized for Hungarian battery plant
The South Korean battery cell manufacturer SK Innovation received a subsidy of 90 million euros from the Hungarian government for its second plant in the country. The prerequisite was that the EU Commission give the green light for the state aid, which has now happened.
Jul 6, 2021 - 01:01 pm
SK Innovation considers going public with battery business
SK Innovation has announced its intention to expand its production capacity to over 500 GWh by 2030. As part of its new strategy ‘From Carbon to Green’, the company, which was founded as an oil refinery, wants to invest heavily in the battery business, possibly also with external investors.
Jun 14, 2021 - 11:08 am
Polestar and SK consider EV development alliance
Electric car manufacturer Polestar is exploring a wide-ranging alliance with South Korean conglomerate SK to advance the development of electric cars. The possible collaboration also includes a potential supply of SK batteries for upcoming Polestar vehicles.
Jun 7, 2021 - 11:27 am
LG & SKI show increased battery sales for Q1 2021
Increasing battery sales are reflected in the balance sheets of the Korean battery cell manufacturers LG Energy Solution and SK Innovation. In the first quarter of 2021, both groups posted a year-on-year increase in sales of 88 and 80 per cent, respectively.
May 21, 2021 - 12:11 pm
Ford & SKI to launch battery joint venture
Ford and SK Innovation have agreed to set up a joint venture to produce battery cells and modules for use in the US carmaker’s electric vehicles. The joint venture, called BlueOvalSK, aims to have an annual production capacity of 60 GWh.
Apr 29, 2021 - 01:37 pm
Kia & SK Innovation plan circular EV battery economy
In South Korea, Kia Motors and SK Innovation have joined forces to build a circular economy for electric vehicle batteries. This involves the follow-up use of end-of-life electric car batteries as stationary energy storage units as well as the recycling of materials such as lithium, nickel and cobalt.
Apr 12, 2021 - 11:31 am
SK Innovation & LG Energy Solution settle US legal battle
South Korean battery cell manufacturers SK Innovation and LG Energy Solution have reached a settlement in their year-long legal dispute. Both companies agreed to stop all legal proceedings in the US and South Korea and to refrain from suing each other for the next ten years.