Several South Korean media sources reported that SK On Co., Ltd., a South Korean secondary battery manufacturer, unveiled that it had decided to name its battery joint venture with the Hyundai Motor Group “Hyundai SK Battery Manufacturing America (HSBMA).” The joint venture, established by the two companies on a 50:5

SK On Co., Ltd. (SK On) will participate in the InterBattery 2026, which will be held in Seoul Special City from March 11 to 13 to unveil its next-generation battery technologies. The company this time will unveil its Cell-to-Pack (CTP) technologies that heightens energy density and cost competitiveness. Specifically

On March 6, several media sources reported that SK Battery America, a U.S. subsidiary of SK On, has laid off 958 workers at its plant in Commerce, Georgia, reducing its workforce by 37% to approximately 1,600 employees. The plant, which opened in January 2022 at a cost of USD 2.6 billion, had supplied cells for the F

On February 24, POSCO Group signed an agreement with SK On to supply up to 25,000 tons of lithium concentrate per year from this year through 2028. The volume is sufficient to produce batteries for approximately 400,000 EVs and will be used in SK On’s battery plants in North America and Europe to help meet sourcing r

In December 2025, Ford and SK On, SK Innovation's battery unit, announced that the two companies would be dissolving the BlueOval SK joint-venture formed in 2022. While Ford takes over and retools the BlueOval SK Battery Park in Glendale, Kentucky for LFP battery production for battery energy storage solutions (BESS)

Ford has revealed that the total cost for dissolving its EV battery joint venture with SK On, announced in December 2025, is USD 6 billion, which will be a hit to earnings before tax and interest (EBIT) spread across a few years. The first USD 3 billion write down will take place in 2025 earnings, while the remaining

On January 28, SK Innovation Co. said on its Q4 2025 earnings call that the termination of the battery joint venture with Ford Motor Co. in the U.S. resulted in a KRW 3.7 trillion (USD 2.6 billion) asset loss, as the end of the U.S. EV tax credits reduced its profitability in the quarter despite increased shipments t

SK On Co., Ltd. announced that it has developed a new binder material, PPMA, for silicon anode solid-state batteries in collaboration with Yonsei University of South Korea. PPMA has both electrical conductivity and strong adhesion. It effectively addresses the structural stability issues of conventional silicon anode

South Korea’s SK On Co., Ltd. announced that it successfully developed high-density, single-crystal cathode materials composed of large-sized particles in cooperation with Seoul National University of South Korea. The paper published in Nature Energy, an academic journal, identified technical challenges in synthesizi

Several South Korean media sources reported that SK On Co., Ltd., a battery manufacturing subsidiary of SK Innovation Co., Ltd., will postpone its capital investment in its No.3 Seosan Plant, which is under construction in Seosan-si, Chungcheongnam-do. The company initially advanced the factory construction for the m

On December 11, SK On announced it and its joint venture partner Ford mutually agreed "to restructure their U.S. EV battery manufacturing joint venture, BlueOval SK" as SK On directs its business to focus on growth areas including energy storage systems.
As a result of this restructuring, the BlueOval SK Battery Par

Several South Korean media sources reported that SK On Co., Ltd., a battery manufacturing subsidiary of SK Innovation Co., Ltd., and EVE Energy Co., Ltd., a Chinese battery manufacturer, have agreed to exchange shares in two battery production companies they jointly established. 
-The two companies subject to the sha

On November 4, Louisville, Colorado-based Solid Power, Inc. announced its financial results from Q3 2025, while its year-to-date 2025 operating loss was $74.3 million..
Solid Power delivered USD 4.6 million in revenue and grant income during Q3, bringing year-to-date revenue recognized to USD 18.1 million, while its

SK On Co., Ltd., a battery manufacturing subsidiary of SK Innovation Co., Ltd., announced the completion of its pilot plant for all-solid-state batteries at the Institute of Future Technology, SK On’s research and development base in the Daejeon Metropolitan City, South Korea. The new plant will be primarily used to

On September 4, SK On announced it is entering the U.S. battery energy storage system (BESS) market with lithium iron phosphate (LFP) batteries. SK On, part of the SK Group, secured a BESS supply contract with Flatiron Energy Development, a U.S. utility-scale energy storage developer, owner and operator.
Under the ag

Several South Korean media sources reported that SK On Co., Ltd., a battery manufacturing subsidiary of SK Innovation Co., Ltd., will supply batteries to Slate Auto, a US EV startup. The batteries produced at SK On’s plant in Georgia, the U.S., will be installed on Slate Auto’s pickup trucks, which are scheduled to b

Production began on August 19 at the BlueOval SK Battery Park site in Kentucky, a joint-venture between Ford and SK On, with the first battery rolling off the line destined for a Ford F-150 Lightning.
BlueOval SK in Kentucky had already scaled back its output capacity plans amid a slowdown in EV demand. BlueOval SK B

Several South Korean media sources reported that SK On Co., Ltd., a battery manufacturing subsidiary of SK Innovation Co., Ltd., had signed an agreement for battery recycling ecosystem establishment with South Korea’s EcoPro. Based on the deal, SK On will extract black powder from scrap from its U.S. production subsi

BlueOval SK announced that it began battery production at its first plant in Glendale, Kentucky on August 19, 2025. The Kentucky 1 battery facility will produce batteries for the Ford F-150 Lightning and the extended range Ford E-Transit.
BlueOval SK was established in July 2022 as a joint venture between Ford and SK

Several South Korean media sources reported that SK On Co., Ltd., a battery manufacturing subsidiary of SK Innovation Co., Ltd., has renamed the “SK On Battery Research Institute” located in the Daejeon Metropolitan City to the “Future Technology Research Institute.” The short-term challenge for this institute is to