SK On and BASF will evaluate opportunities for cooperation in the Li-Ion battery market

BASF and SK On have entered into an agreement to jointly evaluate collaboration opportunities in the global lithium-ion battery market focused on North America and Asia-Pacific. The collaboration brings together strong business and product development capabilities to develop industry-leading battery materials for lithium-ion batteries.

BASF and SK On’s initial focus will be evaluating collaboration options for cathode active materials (CAM) production. Further details on the collaboration will be revealed at a later stage. Additional collaboration opportunities along the battery materials value chain will be evaluated subsequently, including battery recycling. By leveraging their respective expertise, BASF and SK On aim to develop innovative solutions to support their strong growth ambitions.

The Elec reports that Ford has hired a former VP at Samsung SDI to develop EV batteries in its joint venture with SK On – Blue Oval SK. According to The Elec’s sources, the company has appointed Kim Sung-hoon. He has experience and expertise in developing large batteries, manufacturing technologies such as stacking of battery materials, and production lines for them. It is expected that he will focus on battery…

8 November 2023

Polestar and South Korean battery manufacturer SK On have signed an agreement on the supply of battery cell modules for the forthcoming Polestar 5 electric 4-door GT. Polestar chose SK On due to its superior battery cell technology that offers high-performing chemistry, fast charging, efficient discharging, and superior driving range. The high-nickel battery cell modules comprise ultra-long 56 cm cells with high…

6 November 2023

SK On announced it will establish a cathode manufacturing facility in Canada with global major automaker Ford Motor and cathode producer EcoPro BM as they joined a move to strengthen a value chain covering from key battery materials to electric vehicles (EVs). Cathode is a core material determining the performance of an EV battery. The three companies announced that the cathode plant will be built on the 278,000…

24 August 2023

Business Korea reports that according to its industry and government sources, Samsung SDI and the Ulsan city officials are in talks regarding the expansion of the company’s Ulsan plant with an LFP battery production line. If these talks lead to actual construction, this will be the first lithium iron phosphate (LFP) battery production facility in South Korea. This type of battery is less efficient than the NMC one…

21 August 2023

SNE Research reported that the global EV battery market has recorded a 38.6% YoY growth in Q1 of 2023. The total amount of energy held by batteries for pure EVs, PHEVs, and HEVs was around 133 GWh. CATL remains the top market player with a growth rate of 35.9% and 35% market share. BYD experienced a staggering growth in the Q1 of 115.5% but ranks second in market share with 16.2%. LGES is third with a growth rate of…

5 May 2023

SK On signed a joint development agreement with U.S. graphite company Westwater Resources as part of efforts to strengthen its battery raw material supply chain in North America. Under the agreement, the two companies will work together to develop environmentally responsible, high-performance anode materials tailored for SK On batteries. Should the project end with successful results, SK On will consider the option…

3 May 2023

Hyundai Motor Group today announced its plans to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK On. The Group affiliates Hyundai Motor Company, Kia Corporation, and Hyundai Mobis each approved the plan at their respective board meetings today. In November 2022, the Group signed a memorandum of understanding (MOU) with SK On to secure EV battery supply for North…

25 April 2023

SK On participated in InterBattery 2023 held at Coex Convention & Exhibition Center, Seoul from March 15 to 17. Hosted by the Korean Ministry of Trade, Industry and Energy, InterBattery is Korea’s most representative battery exhibition event that attracts hundreds of battery companies and tens of thousands of visitors every year. This year, SK On’s exhibition at InterBattery is under the main theme of “Move On,”…

20 March 2023

SK On revealed that it would display a mock-up of a prismatic battery at InterBattery 2023, the largest battery exhibition in Korea, to be held at COEX, Seoul from March 15 to 17. SK On has completed prototype development and plans to begin producing this type of cell within this year. The prismatic battery of SK On is characterized by its fast-charging speed. SK On’s Super Fast (SF) battery, which received the Best…

10 March 2023

According to SNE Reasearch, the global battery usage for 2022 has been 518GWh – a 517.9% growth YoY. For this year, the research agency expects 749 GWh of batteries to be deployed in EVs, PHEVs, and HEVs. Being a South Korean company, SNE Research pays special attention to the three local companies that are major players in the EV battery market – Samsung SDI, SK On, and LG Energy Solution. Their production is…

8 February 2023

The Global Battery Alliance (GBA), the world’s largest multi-stakeholder organization to establish a sustainable battery value chain by 2030, today launched the proof of concept for its Battery Passport at the World Economic Forum’s Annual Meeting in Davos. The Battery Passport is key to facilitating the rapid scaling of sustainable, circular, and responsible battery value chains to meet the targets of the Paris…

18 January 2023

At CES 2023, SK On exhibits a SF (Super-Fast) battery with the fastest charging speed among commercially available batteries. Applying a special coating technology, it can be charged up to 80% in 18 minutes and can run more than 400 km on a single charge. In recognition of its performance, SF Battery won the CES 2023 Best Innovation Award in the category of Embedded Technologies for the first time in the battery…

5 January 2023

According to SK Innovation’s announcement on the 21, SK On has successfully increased a total of KRW 2.8 trillion in paid-in capital. This is the sum of SK Innovation’s investment, which is equal to KRW 2 trillion, and Korea Investment Private Equity’s investment of KRW 0.8 trillion. SK Innovation plans to invest KRW 1 trillion within this month and proceed with the remaining amount next year. This is SK…

22 December 2022

Ford and SK On have broken ground at BlueOval SK Battery Park, where their joint venture – BlueOval SK – has invested $5.8 billion to produce advanced batteries for future Ford and Lincoln electric vehicles, slated to start production in 2025, creating 5,000 new jobs in Kentucky. Construction is on schedule at the two massive battery manufacturing facilities capable of collectively producing more than 80 gigawatt…

5 December 2022