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Posts Tagged: SK Innovation

Korea’s SK Group acquires Signet EV, invests in Polestar

South Korean conglomerate the SK Group has entered the EVSE market by acquiring a majority stake in charger manufacturer Signet EV. SK acquired 55.5% of Signet EV’s shares for 293 billion won ($263 million). Established in 2016, Korean firm Signet EV, which sells a full line of EV charging hardware and solutions, including 350 kW… Read more »

Ford and partners to build 30-45 GWh battery plant in Turkey

Ford has proposed to form a joint venture with Turkish industrial conglomerate Koç Holding and South Korea’s SK Innovation to make EV batteries at a new plant near Ankara. The factory, which is expected to have an annual capacity of 30 to 45 GWh, will supply batteries for Ford’s commercial vehicles, which are expected to… Read more »

Solid Power partners with SK Innovation to produce solid-state batteries

Solid Power has partnered with SK Innovation to manufacture automotive-scale all-solid-state batteries using Solid Power’s sulfide-based solid electrolyte, proprietary cell designs and production processes. SK Innovation has also agreed to invest $30 million in Solid Power. The two companies will cooperate on cell development, validation and production in order to enable Solid Power to deliver… Read more »

Toyocolor to supply carbon nanotube dispersions to SK Innovation

Japanese ink and materials manufacturer Toyocolor has been tapped to supply its Lioaccum series of conductive carbon nanotube (CNT) dispersions to the North American and European operations of battery-maker SK Innovation.  Lioaccum dispersions are used as a conductive additive in Li-ion cathodes to help expand battery capacity. These batteries will be installed in EVs manufactured… Read more »

Settlement of dispute between South Korean battery makers is good news for US auto industry

LG Energy Solution and SK Innovation have settled a long-running trade dispute, clearing the way for SK to proceed with construction of a battery factory in Commerce, Georgia that is slated to supply batteries to Ford and Volkswagen. The International Trade Commission decided in February that SK stole 22 trade secrets from LG Energy, and… Read more »

SK Innovation to invest in battery plant in Hungary

SK Innovation will invest $1.148 billion in SK Battery Hungary to build a new EV battery factory. The factory is expected to be constructed in Iváncsa, Hungary, and will have a production capacity of 30 GWh per year. The company’s first and second European plants are also located in Hungary, and the expected third plant… Read more »

SK Innovation and Glencore sign six-year cobalt supply deal

Global mining giant Glencore has signed a deal to supply Korean battery-maker SK Innovation with up to 30,000 tons of cobalt contained in hydroxide between 2020 and 2025. Glencore expects global demand for cobalt for EV batteries to reach 92 kilotons by 2025. The quantity of cobalt supplied under this contract will allow SK Innovation… Read more »

SK Innovation to build second EV battery plant in China

According to a recent article in Business Korea, SK Innovation – a subsidiary of Korea’s giant SK conglomerate – is planning to invest $1.05 billion USD to build an EV battery manufacturing plant in Yancheng, China. The new plant will join the company’s pre-existing battery plant in Changzhou. SK Innovation’s plans for the new plant… Read more »