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