SK On Co., Ltd.
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SK On Co., Ltd. - overview
Established
2021
Location
Seoul, -, South Korea
Primary Industry
Energy Storage & Batteries
About
Founded in 2021 and based in Seoul, South Korea, SK On Co. , Ltd. , a subsidiary of SK Innovation, manufactures batteries for electric vehicles. The company develops battery technology based on the development of technological trends in the electric vehicle market.
In May 2023, a consortium led by MBK Partners, Blackrock, SNB Capital, and Qatar Investment Authority invested USD 944 million in SK On Co. , Ltd. In June 2023, Hillhouse Capital Management joined the consortium and invested USD 400 million in SK On Co. , Ltd.
The company manufactures lithium-ion batteries. These batteries are used in various applications, with a focus on electric vehicles (EVs). The company produces car batteries and other related products. As part of SK Innovation, SK On is one of the world's leading suppliers of automotive EV batteries, serving customers such as Ford, VW, Hyundai, and BAIC.
Additionally, SK On is involved in manufacturing materials and separators for lithium-ion batteries, contributing to the development and production of high-performance battery solutions.
Current Investors
Korea Investment Private Equity, EastBridge Partners, KB Kookmin Bank
Primary Industry
Energy Storage & Batteries
Sub Industries
Automobiles, Other Vehicles & Parts, Energy Storage & Batteries
Website
www.sk-on.com
Verticals
Manufacturing
Total Amount Raised
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