SK On Faces Emergency With Sluggish EV Sales
South Korean EV battery manufacturer SK On is grappling with a critical situation due to weak electric vehicle sales in Europe and the United States. In response to these challenges, CEO Lee Seok-hee has made and outlined plans for significant…
ExxonMobil and EV Battery Maker SK On Sign MOU Regarding U.S. Produced Mobil™ Lithium
ExxonMobil (NYSE: XOM) has signed a non-binding memorandum of understanding (MOU) with SK On, a global leading electric vehicle (EV) battery developer, that opens the door to secure a multiyear offtake agreement of up to 100,000 metric tons of Mobil™…
