Repeated cancellations of supply deals with North American electric vehicle (EV) companies have rattled the Korean battery ...

SK On has secured a large-scale ESS (Energy Storage System) project in the U.S. This marks the first major contract SK On has won in the U.S. for ESS batteries since its launch in 2021. On the 4th, SK ...

SEOUL, Sept. 9 (UPI) --South Korean companies are trying to weather the prolonged slump in the global battery industry by partnering with leading corporations in Europe and the United States. SK On ...

SK On battery plant in Commerce, Georgia (US). SK On Company, the battery manufacturing unit of South Korea’s SK Group, is stepping up operations at its SK Battery America plant in the US state of ...

In central Kentucky, Ford plans to build a dedicated battery manufacturing complex with SK Innovation – the $5.8 billion BlueOvalSK Battery Park – creating 5,000 jobs. Twin battery plants on the site ...

In 2022, SK On and Ford invested $11.4 billion to build the joint battery plants in the United States. SK On posted an operating loss of 124.8 billion won ($84.72 million) for the July-September ...

SK On signed a memorandum of understanding (MOU) with South Korean battery cathode materials company L&F to promote its lithium iron phosphate (LFP) battery business targeting the North American ...

SEOUL, Sept 4 (Reuters) - South Korea's SK On said on Thursday it has signed a deal with U.S.-based Flatiron Energy Development to supply lithium iron phosphate (LFP) batteries for energy storage ...

Cast your mind back to 2021. Electric vehicles were hot stuff, buoyed by Tesla’s increasingly stratospheric valuation and a general optimism fueled by what would turn out to be the most significant ...

SK On is unwinding its US battery joint venture with Ford Motor Co., ending a three-year partnership as it accelerates its move toward fully independent production in the North American market. The ...