KSE - Delayed Quote KRW

SK Innovation Co., Ltd. (096770.KS)

106,700.00

-800.00

(-0.74%)

At close: 3:30 PM GMT+9

UPDATE 2-US says SK Battery faces $77,200 in fines over employee health hazards

The U.S. Labor Department said on Monday that SK Battery America faces $77,200 in fines for five serious safety violations after workers in Georgia suffered potentially permanent respiratory damage in an October 2023 lithium battery fire. In January, the department's Occupational Safety and Health Administration (OSHA) said SK Battery exposed employees at a U.S. battery plant to unsafe levels of nickel and other metals, and faces $75,000 in fines over six serious violations. SK, which supplies Volkswagen and Ford Motor, employs 3,100 workers at its Commerce, Georgia plant.

Reuters 18 days ago

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UPDATE 2-SK Innovation projects slower growth in global EV demand

South Korean energy group SK Innovation, on Tuesday forecast slowing growth in global electric vehicle (EV) demand, joining an increasing number of automakers and suppliers expressing concern about the market for EVs. The owner of South Korea's biggest refiner SK Energy posted operating profit of 73 billion won ($54.75 million) for the fourth quarter ended December, compared with a 765 billion won loss a year earlier. SK Innovation said it had a capital spending budget of about 9 trillion won for this year, slightly down from about 10 trillion won last year, with more than 80% allocated for its battery business as it continues to ramp up production abroad.

Reuters 2 months ago

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Exclusive-SK On may start mass producing LFP batteries for automakers in 2026 - executive

South Korea's SK On plans to start mass producing lithium iron phosphate (LFP) batteries as early as 2026 to supply several automakers as it pushes to deliver a lower cost battery chemistry favoured by its Chinese rivals, a senior executive said. The company is in talks with some major traditional automakers, or original equipment manufacturers (OEMs), that are looking to line up LFP battery supply deals, SK On's Chief Administrative Officer Choi Young-chan said. Choi did not disclose the names of automakers but said the company plans to start mass producing LFP batteries once discussions are finalized.

Reuters 3 months ago

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Electrifying Growth: SK Battery Maker Raises $944 Million For Expansion

The rapid push toward a carbon-neutral world has propelled a revolution in the automobile industry, resulting in rising demand for electric vehicles (EVs). The federal government has been incentivizing this change through subsidies and tax credits, making the EV sector blow up over the past few years. High-efficiency lithium battery manufacturers catering to electric vehicles have witnessed explosive growth over the past few years as well, thanks to the global shift toward clean-energy automobil

Benzinga 6 months ago

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A new battery recycling facility will deepen Kentucky's ties to the electric vehicle sector

A recycling facility will be built in Kentucky to shred electric vehicle batteries in a $65 million venture between American and South Korean companies that will supply material for a separate battery-related operation in the same town, the companies announced Tuesday. The 100,000-square-foot (9,000-square meter) EV battery recycling facility to be built in Hopkinsville will create about 60 jobs, according to U.S.-based Ascend Elements, which is partnering with South Korea-based SK ecoplant and its electronic-waste recycling subsidiary, TES, on the project. Hopkinsville is 170 miles (274 kilometers) southwest of Louisville, Kentucky.

Associated Press Finance 6 months ago

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Cummins, Paccar, Daimler team up for US battery cell venture

Three companies are creating a joint venture to produce battery cells for commercial electric vehicles in the United States. Cummins (CMI), Paccar (PCAR), Daimler (MBG.DE) have created a joint venture that will spend $2 to $3 billion to build a battery cell factory in a yet to be determined U.S. location. Yahoo Finance Senior Reporter Pras Subramanian breaks down the deal and discusses the growing EV investments in the United States. 

Yahoo Finance Video 7 months ago

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15 Largest Exporters of Refined Petroleum

In this article, we will be analyzing the global refined petroleum industry while covering the 15 largest exporters of refined petroleum. If you want to skip our detailed analysis, you can go directly to the 5 Largest Exporters of Refined Petroleum. Crude oil which we know as petroleum is a yellowish-black mixture that appears under […]

Insider Monkey 7 months ago

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South Korea's SK On to invest $1.1 bln to expand battery capacity at home

South Korean battery maker SK On will invest 1.5 trillion won ($1.12 billion) in South Korea to expand its production capacity at home, the company said on Wednesday. SK Innovation Co Ltd's battery unit SK On, which supplies Ford Motor Co and Hyundai Motor Co, among others, said in a statement that its new battery plant will have an annual production capacity of up to 14 gigawatt hours (GWh) by 2028. That would take annual production capacity in South Korea to 20 GWh, capable of powering about 280,000 electric vehicles, it said.

Reuters 8 months ago

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UAW wins Democratic senators' support for joint venture battery workers

More than half of the Senate's Democrats are backing the United Auto Workers' push for higher wages and benefits for workers at Detroit Three automakers' joint venture battery plants, they said in a letter released on Friday. The 28 senators said the workers are critical to the United States reaching clean vehicle goals, offering the union a boost as it works to secure new contracts before its four-year deals with General Motors, Ford Motor and Chrysler-parent Stellantis expire Sept. 14. UAW leaders have sought to secure support from Washington as negotiations opened earlier this month, with UAW President Shawn Fain meeting with lawmakers and President Joe Biden last week.

Reuters 8 months ago

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UPDATE 2-SK Innovation expects refining margins to gradually improve in H2

SK Innovation Co Ltd , owner of South Korea's top refiner SK Energy, said on Friday it expects refining margins to gradually improve in the second half thanks to favourable market conditions backed by solid travel season demand. Analysts said SK Innovation's refining business had been hit by declines in refining margins and oil prices, while its battery business had continued generating losses due to costs related to its newly set up U.S. battery plants. SK Innovation's battery unit SK On, which was split off last year, accounted for about 20% of the company's revenue in the second quarter.

Reuters 8 months ago

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UPDATE 2-UAW rips Biden administration on US loan to Ford joint venture battery plant

United Auto Workers (UAW) union President Shawn Fain on Friday harshly criticized the U.S. Energy Department plan to lend $9.2 billion to a joint venture of Ford Motor and South Korea's SK On to build three U.S. battery plants. The wages of workers at battery JV plants are expected to be a key issue in contract talks that start next month with the Detroit Three automakers.

Reuters 9 months ago

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UPDATE 3-Ford-SK venture to get $9.2 bln US loan for battery plants

The U.S. Energy Department plans to lend up to $9.2 billion to a joint venture of Ford Motor and South Korea's SK On to help it build three battery plants in Tennessee and Kentucky, the biggest-ever award from the government program. The conditional commitment for the low-cost government loan for the BlueOval SK joint venture comes from the government's Advanced Technology Vehicles Manufacturing (ATVM) loan program.

Reuters 9 months ago

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Ford-SK venture to get $9.2 billion US loan for battery plants

The U.S. Energy Department plans to lend up to $9.2 billion to a joint venture of Ford Motor and South Korea's SK On to help it build three battery plants in Tennessee and Kentucky, the biggest-ever award from the government program. The conditional commitment for the low-cost government loan for the BlueOval SK joint venture comes from the government's Advanced Technology Vehicles Manufacturing (ATVM) loan program.

Reuters 9 months ago

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Ford, SK joint venture set to receive $9.2 billion US government loan for battery plants

The U.S. Energy Department on Thursday said it intends to loan a joint venture of Ford Motor and South Korean battery maker SK On up to $9.2 billion to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky. The conditional commitment for the low-cost government loan for the Blue Oval SK joint venture comes from the government's Advanced Technology Vehicles Manufacturing (ATVM) loan program.

Reuters 9 months ago

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UPDATE 2-SK Innovation sees 'solid' Q2 refining margin on China's reopening

SK Innovation Co Ltd , owner of South Korea's top refiner SK Energy, said on Thursday it expects a "solid" refining margin in the second quarter, backed by China's reopening and the summer driving season. SK Innovation, which has a total refining capacity of 1.115 million barrels per day (bpd) at its plants in Ulsan and Incheon, said it operated its facilities at 80% of capacity on average in the first quarter, compared with 77% for the whole of 2022. SK Innovation's battery unit SK On - which supplies electric vehicle (EV) batteries to Ford Motor Co, Volkswagen AG , and Hyundai Motor Co among others - accounted for about 17% of revenue in the first quarter.

Reuters 11 months ago

096770.KS
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Performance Overview

Return	096770.KS	KOSPI Composite Index
YTD	-23.95%	+0.04%
1-Year	-38.62%	+6.90%
3-Year	-58.81%	-17.44%

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SK Innovation Co., Ltd. (096770.KS)

UPDATE 2-US says SK Battery faces $77,200 in fines over employee health hazards

UPDATE 2-SK Innovation projects slower growth in global EV demand

Exclusive-SK On may start mass producing LFP batteries for automakers in 2026 - executive

Electrifying Growth: SK Battery Maker Raises $944 Million For Expansion

A new battery recycling facility will deepen Kentucky's ties to the electric vehicle sector

Cummins, Paccar, Daimler team up for US battery cell venture

15 Largest Exporters of Refined Petroleum

South Korea's SK On to invest $1.1 bln to expand battery capacity at home

UAW wins Democratic senators' support for joint venture battery workers

UPDATE 2-SK Innovation expects refining margins to gradually improve in H2

UPDATE 2-UAW rips Biden administration on US loan to Ford joint venture battery plant

UPDATE 3-Ford-SK venture to get $9.2 bln US loan for battery plants

Ford-SK venture to get $9.2 billion US loan for battery plants

Ford, SK joint venture set to receive $9.2 billion US government loan for battery plants

UPDATE 2-SK Innovation sees 'solid' Q2 refining margin on China's reopening

Performance Overview