Battery Tech Firm SK On Secures $944 Million Investment for Global Expansion

The company plans to increase its annual production capacity to at least 220 GWh by 2025

June 7, 2023

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SK On, a battery technology company and a subsidiary of SK Innovation, has secured a significant long-term financial investment of up to $944 million to support the continuous growth of its battery business in the global market.

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Gautamee Hazarika

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Battery Tech Firm SK On Secures $944 Million Investment for Global Expansion

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