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SK Innovation ‘in battery venture talks with VW, China’

Fri, 04/12/2019 - 12:54 -- Hugh Finzel

South Korea’s SK Innovation (SKI) is reportedly in talks to establish two separate battery production joint ventures— one with Volkswagen and another with Chinese partners.

SKI confirmed talks with Volkswagen in an interview with Reuters, saying the two companies were discussing building a factory together. SKI also said I was “on the cusp” of agreeing plans to build a plant in China with “undisclosed partners”.

The president of SKI’s batteries business YS Yoon told Reuters: “Our strategy is to keep up with technological advancement by having relationships with some of our key customers. Compared with rivals, we’ve been matching or exceeding investment in the (EV batteries) area since last year.”

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SK throws itself into batteries

Fri, 08/05/2016 - 14:32 -- Vic
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South Korea’s SK Group aims to nurture vehicle battery and green energy sectors as its new growth engines amid a slump in the oil industry following a free fall in oil prices.

The conglomerate’s all-out focus particularly on the vehicle battery business is expected to add more competition in the industry that is already dominated by other top conglomerates including Samsung and LG.

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