Search Results Found For: "SK On"

Westwater Resources to supply natural graphite from Alabama to battery maker SK On

Global EV battery manufacturer SK On has signed a conditional offtake agreement with US graphite supplier Westwater Resources in a move to secure battery-grade natural graphite in North America. Under the terms of the agreement, SK On can source a total of 34,000 tons of natural graphite anode products processed at Westwater’s Kellyton Graphite Plant… Read more »

SK On to provide batteries for forthcoming Polestar 5 EV

Polestar and South Korean battery manufacturer SK On have signed an agreement for the supply of battery cell modules for the forthcoming Polestar 5 electric 4-door GT. Polestar says it chose SK On due to its “superior battery cell technology that offers high-performing chemistry, fast charging, efficient discharging and superior driving range. The high-nickel battery… Read more »

EcoPro BM, SK On and Ford are building a cathode plant in Québec

South Korea-headquartered battery makers EcoPro BM and SK On, along with Ford, plan to invest nearly $900 million in the construction of a cathode manufacturing facility in Bécancour, Québec. Production is slated to begin in the first half of 2026. EcoPro CAM Canada LP was established by EcoPro BM this year. It will produce up… Read more »

SK On partners with Westwater Resources to develop anode materials in US

South Korean battery manufacturer SK On has signed a joint development agreement (JDA) with US graphite company Westwater Resources (NYSE: WWR) as part of efforts to strengthen its battery raw material supply chain in North America. Under the agreement, the two companies will work together to develop environmentally responsible anode materials tailored for SK On… Read more »

SK On to supply Hyundai North America with EV batteries from 2025

Hyundai has signed a Memorandum of Understanding with Korean EV battery manufacturer SK On, to secure a battery supply for the North American market. Under the MOU, SK On will supply batteries to Hyundai’s US plants after 2025, as the Korean automaker aims to bolster its EV presence and sales in the North American Market…. Read more »

SK On signs 5-year lithium hydroxide supply deal with SQM

Battery manufacturer SK On has signed a lithium hydroxide supply deal with Chile’s SQM. The terms of the agreement will enable SK On to purchase up to 57,000 tons of lithium hydroxide over the course of five years starting in 2023—enough to produce batteries for approximately 1.2 million EVs. Obtaining lithium from SQM will help… Read more »

SK On secures $2 billion in investment for Hungary battery plant

SK On, a battery company and subsidiary of SK innovation, has secured $2 billion in investment resources from export credit agencies, which it plans to devote to an under-construction battery plant in Iváncsa, Hungary. “Euler Hermes and Korea Trade Insurance Corporation will provide insurance worth $800 million and $700 million respectively, and the Export-Import Bank… Read more »

Firstgreen reports growing US demand for its electric skid steer loaders

Electric skid steer loader manufacturer Firstgreen Industries, headquartered in the Czech Republic, reports North American sales growth: More than 120 of its loaders are operating in the US and Canada, and it sells through nearly 20 dealerships in New York, Washington, Missouri, Illinois, Iowa, Ohio and Maryland. Firstgreen entered the American market in 2021 with… Read more »