SK On has signed a long-term agreement with POSCO Group to secure up to 25,000 tons of lithium from Argentina over three years, enough for 400,000 EVs, strengthening its global battery supply chain.
#YonhapInfomax #SKOn #POSCOGroup #LithiumSupply #ElectricVehicles #BatteryManufacturing #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=106612
SK On Implements Second Voluntary Retirement and Unpaid Leave Program in Less Than Five Years Since Launch
SK On Co. launches its second voluntary retirement and unpaid leave program in under five years, aiming to cut costs and boost efficiency amid a prolonged EV market downturn.
Yonhap InfomaxSouth Korea’s top battery makers are pivoting to the US energy storage and robotics markets after EV subsidy cuts, targeting robust ESS growth and new opportunities in AI-driven sectors.
#YonhapInfomax #ESS #LGEnergySolution #SamsungSDI #SKOn #USMarket #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=103453
'Once More, Despite Setbacks'—K-Battery Firms Pivot to ESS and Robotics After US EV Subsidy Blow
South Korea’s top battery makers are pivoting to the US energy storage and robotics markets after EV subsidy cuts, targeting robust ESS growth and new opportunities in AI-driven sectors.
Yonhap Infomax
Batteries Bottom Out in Q4—SK Innovation Faces Prolonged Margin Squeeze, Eyes Profitability Improvement
SK Innovation’s Q4 operating margin is expected to hover near 1% as battery losses deepen, with analysts forecasting a gradual recovery from this low point in 2026.
Yonhap Infomax
[From the Field]SK’s Chey Jae-won Must Recover from Battery Missteps and Drive Semiconductor Growth
SK’s Chey Jae-won, after setbacks in the battery business, shifts focus to SK Square’s semiconductor and AI investments, aiming to restore his reputation as SK hynix shares soar.
Yonhap InfomaxSK Battery America, the US unit of SK On, plans to issue around $700 million in dollar bonds this month to refinance maturing debt, with a KB Kookmin Bank guarantee boosting its credit rating to Aa3.
#YonhapInfomax #SKBatteryAmerica #SKOn #BondIssuance #Refinancing #KBBankGuarantee #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=98625
SK On’s US Subsidiary Plans $700 Million Bond Issuance for Refinancing
SK Battery America, the US unit of SK On, plans to issue around $700 million in dollar bonds this month to refinance maturing debt, with a KB Kookmin Bank guarantee boosting its credit rating to Aa3.
Yonhap InfomaxSouth Korea’s top battery makers—LG Energy Solution, Samsung SDI, and SK On—signaled a strategic shift toward energy storage systems (ESS) in 2024, as EV demand weakens and global competition intensifies, with CEOs emphasizing technology-driven recovery amid falling market share.
#YonhapInfomax #LGEnergySolution #SamsungSDI #SKOn #ESS #MarketShareDecline #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=98495
'No Room to Retreat'—'ESS Transition'—Battery Big Three CEOs Signal Unified Direction in New Year Messages
South Korea’s top battery makers—LG Energy Solution, Samsung SDI, and SK On—signaled a strategic shift toward energy storage systems (ESS) in 2024, as EV demand weakens and global competition intensifies, with CEOs emphasizing technology-driven recovery amid falling market share.
Yonhap InfomaxSK On Co. has executed only 47% of its planned 1.75 trillion won investment at its Seosan battery plant, extending the timeline amid sluggish U.S. EV demand and ongoing business restructuring.
#YonhapInfomax #SKOn #SeosanPlant #Investment #ElectricVehicleDemand #FordMotorCo #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=97915