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Tag Archives: sk on
Ford Building Cathode Plant in Québec
EcoProBM established EcoPro CAM Canada LP in February. SK On and Ford will become investors once the deal is closed; the joint venture is subject to closing conditions and regulatory approvals. EcoProBM will oversee the day-to-day operations of the facility. Continue reading
Hyundai Motor Group, SK On Approve US Battery Cell JV
In November 2022, the Group signed a memorandum of understanding (MOU) with SK On to secure EV battery supply for North America. The total investment amount for the joint venture is expected to be ~$5 billion, with the Group and SK On each holding a 50% stake. Continue reading
Nissan and SK On Reveal EV Battery Deal
Nissan (7201T and NSANY ADR) and SK On said today that SK On will supply ~100GWh of U.S.-made batteries from 2028 to 2033. This is Korean SK On first partnership with a Japanese automaker.
“This agreement with SK On is a significant milestone for Nissan’s electrification journey and supports further investment in U.S. manufacturing,” said Christian Meunier, chairman, Nissan Americas. “Through this smart partnership with SK On, we can leverage their growing U.S. production capacity to deliver innovative, high-quality electric vehicles that meet the needs of our customers.” Continue reading →