SK On raises $1.51 billion from private equity firms to expand EV batteries production abroad

SK On, an electric vehicle battery maker from South ore, has raised about 2 trillion won ($1.51 billion) from private equity firms, pushing the company’s valuation to around 20 trillion won ($15.1 billion), local media reported on Thursday. The electric vehicle battery unit of energy group SK Innovation Co Ltd (096770.KS) has been in talks … Continue reading SK On raises $1.51 billion from private equity firms to expand EV batteries production abroad