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sk on

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Shift from EVs to energy storage pays off as Korea’s top battery makers return to profit

Strong battery demand helped LG Energy Solution, Samsung SDI and SK On post quarterly operating profits, signaling relief from the prolonged EV slump.

2026.7.30

SK On's electric vehicle battery plant in Tennessee in the United States is seen in this undated file photo provided by the South Korean battery maker. [YONHAP]

SK On, Ford end U.S. EV battery joint venture in Kentucky

SK On said it has renamed the former BlueOval SK Tennessee plant to "SK On Tennessee" and begun operating the facility independently. Ford will separately own and operate two battery plants in Kentucky.

2026.5.21

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A rendered image of Hyundai-SK Battery Manufacturing America, SK On's battery joint venture with Hyundai Motor Group, located in Bartow County, Georgia [SK ON]

SK On and Hyundai Motor's U.S.-based joint battery venture gets new name

SK On has given its U.S. battery joint venture (JV) with Hyundai Motor Group the name Hyundai-SK Battery Manufacturing America (HSBMA), according to the Korean battery manufacturer on Friday.

2026.3.27

SK On battery manufacturing plant in Georgia, United States [SK ON]

SK On cuts Georgia battery plant workforce as EV demand declines

SK On, a major Korean battery manufacturer, has laid off nearly 1,000 workers at its U.S. battery plant in Georgia amid slowing EV demand, a company filing showed Saturday.

2026.3.7

A render of Samsung SDI’s booth at InterBattery 2026, a battery trade show that will take place at Coex in southern Seoul from March 11 to 13 [SAMSUNG SDI]

LG Energy Solution, Samsung SDI and SK On to unveil pivot at InterBattery amid EV slowdown

Korea’s leading battery makers are accelerating their push into artificial intelligence data centers, robotics and other applications, seeking to offset a prolonged slowdown in electric vehicle demand by expanding into new high-growth sectors.

2026.3.2

An SK On battery plant is seen in Seosan, South Chungcheong. [SK ON]

SK On offers employees buyouts and unpaid leave as EV slump deepens

As the electric vehicle (EV) chasm — a period of stalled demand between early adopters and mass market buyers — drags on, SK On has rolled out a voluntary separation program for employees for the first time in two years.

2026.2.20

SK On wins over half the capacity in Korea’s second gov't ESS tender

Korean battery maker SK On won more than half of the capacity awarded in Korea’s second government tender for energy storage systems, officials said Thursday, marking a rebound for the battery maker as EV demand slows.

2026.2.12

Atlas, a humanoid robot by Hyundai Motor-backed Boston Dynamics, waves as it makes its debut at the CES 2026 in Las Vegas on Jan. 6. [NEWS1]

Beaten by China in EV batteries, Korea finds an edge in humanoids

After being undercut by lower-cost Chinese rivals in the EV market, Korea’s leading battery makers have recently gained a much-needed jump from the burgeoning humanoid robot sector.

2026.2.2

LG Energy Solution’s plant in Michigan [LG ENERGY SOLUTION]

Exodus of U.S. clients pushes Korean battery makers to the brink

Korean battery manufacturers find themselves at a critical crossroads, as global clients — reeling from a prolonged slump in global EV demand — have walked away from previously pledged multi-billion-dollar contracts.

2025.12.27

SK On, Chinese partner to swap stakes in battery JVs

SK On, the wholly owned battery subsidiary of Korea's leading refiner SK Innovation, said Thursday it will swap stakes in its joint ventures with a Chinese partner as part of a "portfolio rebalancing" strategy.

2025.11.20