SK On - TechWire

SK On

2025.09.04

07:40

SK On signs battery supply agreement with Flatiron Energy for energy storage systems

South Korea's SK On announced on September 4th that it has signed an agreement with US-based Flatiron Energy Development to supply lithium iron phosphate (LFP) batteries for its energy storage systems (ESS). The contract value was not disclosed. SK On said it will supply up to 7,200 megawatt-hours of ESS batteries between 2026 and 2030. SK On plans to convert some of its electric vehicle battery production lines at its Georgia plant to ESS production lines, and then begin mass production of LFP batteries for ESS, with deliveries expected to begin in the second half of next year.

2025.03.19

16:06

SK On says it has signed a multi-year battery supply contract with Nissan

On March 19, South Korean battery manufacturer SK On announced that it had signed a battery supply contract with Nissan Motor, and the batteries produced will be supplied to Nissan's Mississippi plant in the United States. The supply will start in 2028 and last for six years.

2025.02.06

11:49

SK On, SK Group's EV battery company, completes 3-way merger

SK On, an electric vehicle battery manufacturer owned by South Korea's SK Group, announced earlier this month that it has completed a three-way merger, officially launching itself as a "global battery and trading company".

2024.12.17

08:39

U.S. government to provide up to $9.63 billion loan to Ford, SK On battery joint venture

The U.S. Department of Energy's Loan Program Office announced on December 16 that it has finalized a direct loan of up to $9.63 billion to BlueOvalSK, a joint venture between Ford Motor and South Korean battery manufacturer SKOn, to finance the construction of three battery manufacturing plants in Tennessee and Kentucky. The loan amount is higher than the $9.2 billion conditional commitment announced in June 2023. BlueOvalSK said that it has invested more than $11 billion in factory construction so far, and the first plant in Kentucky is expected to start production next year, and the Tennessee plant is scheduled to start production at the end of next year.

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