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South Korea Innovation Q1 profit drops 77%, paints rosy picture for battery biz SK Innovation reported a 77.3 per cent on-year drop in the first-quarter operating profit due mainly to falling oil prices, while forecasting improvement in profitability for its loss-making battery unit after the second quarter upon US tax benefits. Operating income came to 374.9 billion won ($283.2 million) for the January-March period, compared with 1.65 trillion won the previous year, the refinery unit under South Korea's SK Group said in a filing. Revenue rose 17.7 per cent on-...
South Korea Innovation Q1 profit drops 77%, paints rosy picture for battery biz
South Korea Innovation Q1 profit drops 77%, paints rosy picture for battery biz
Source: IANS
6/05/2023 7:32:32 PM
South Korea, US sign 23 MoUs on stronger ties in batteries, nuclear power South Korea and the US have signed 23 initial agreements to boost bilateral cooperation on advanced industries and energy fields, such as batteries, robots and nuclear power generation, Seoul's industry ministry said. The memorandums of understanding (MOUs) were signed during a business partnership event in Washington, DC involving 45 senior corporate officials from the two nations on the sidelines of President Yoon Suk Yeol's state visit to the US, according to the Ministry of Tra...
South Korea, US sign 23 MoUs on stronger ties in batteries, nuclear power
South Korea, US sign 23 MoUs on stronger ties in batteries, nuclear power
Source: IANS
26/04/2023 12:17:17 PM
SK Innovation, Ford to form $5.3B EV battery venture in US South Korean battery maker SK Innovation and American automaker Ford Motor will establish a 6 trillion won ($5.3 billion) joint venture in the United States to produce batteries for electric vehicles, the two companies have said. The two companies signed a memorandum of understanding on the joint venture, called BlueOvalSK, to build a battery factory with 60 gigwatt hours (GWh) of production in the US by the mid-2020s. Their announcement came a day before South Korean President Moon Jae...
SK Innovation, Ford to form $5.3B EV battery venture in US
SK Innovation, Ford to form $5.3B EV battery venture in US
Source: IANS
21/05/2021 11:24:36 AM
SK Innovation, Ford to launch EV battery joint venture in US South Korean battery maker SK Innovation and American automaker Ford Motor are set to announce a battery joint venture in the United States to ensure a stable supply of batteries for electric vehicles, industry sources said on Thursday. The two companies plan to announce a memorandum of understanding on the joint venture later in the day, as South Korean President Moon Jae-in meets with U.S. President Joe Biden in Washington this week to discuss bilateral issues, including EV industry coop...
SK Innovation, Ford to launch EV battery joint venture in US
SK Innovation, Ford to launch EV battery joint venture in US
Source: IANS
20/05/2021 9:45:39 AM