In response to a Reuters report, SK On chief spokesperson Ko Chang-Kook says the corporate is discussing supplying prismatic batteries to automakers. The corporate is seeking to diversify its product line-up sooner fairly than later with the brand new offers.
SK On launched its prismatic battery in March 2023, claiming it may well cost as much as 80% in lower than 18 minutes, quicker than its Tremendous Quick (SF) battery. Ko says the corporate has already accomplished the event and stands prepared to start manufacturing as quickly because it receives orders. He didn’t reveal which automakers are excited by procuring its prismatic battery. In one other fascinating twist, the corporate can also be considering venturing into the cylindrical battery enterprise.
At present, SK On solely manufactures pouch-type batteries for EVs. In contrast to prismatic and cylindrical batteries, which characteristic exhausting casing, pouch-type batteries use sealed versatile foils and skinny steel baggage for defense. Every battery sort affords completely different deserves but additionally possesses particular limitations.
SK On was a part of SK Innovation (SKI), South Korean conglomerate SK Group’s vitality and chemical firm. In late 2021, SKI cut up off SK On, making a separate battery enterprise subsidiary. The ensuing impartial firm has by no means recorded a revenue.
In response to a report from Korea JoongAng Each day, SK On’s guardian firm SKI is contemplating merging with worthwhile sister concern SK E&S, a liquefied pure fuel (LNG) and renewable vitality firm. SKI and SK E&S plan to conduct a gathering on 17 July, and if their talks undergo, the ensuing alliance firm may have a market valuation of over KRW 100 trillion (EUR 66 billion).
reuters.com, koreajoongangdaily.joins.com