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SK to slow down battery investments amid continued losses

SK Innovation has decided to slow down its investments in the battery sector, following LG Energy Solution and POSCO Future M, both of which also postponed their investments amid decelerating global demand for electric vehicles (EVs), the oil refiner said Monday. ....

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Global Battery Market Navigates 'Chasm' Amid High Interest Rates and EV Challenges

Global Battery Market Navigates 'Chasm' Amid High Interest Rates and EV Challenges
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Could EV industry downturn come as blessing in disguise for battery makers?

Readjustments to global carmakers electrification strategies in the wake of decelerating electric vehicle (EVs) demand globally present an opportunity for Korean battery makers to realign their plans and develop new technologies, according to industry officials, Friday. ....

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US deputy secretary touts SK-Ford battery partnership

David Turk, deputy secretary at the US Department of Energy, visited the construction site of BlueOval SK in Stanton, Tennessee, a joint venture of SK On and Ford Motor Co., the South Korean battery maker said Monday. “BlueOval SK is a project that shows fantastic partnership among the US government, SK On, Ford and BlueOval SK,” Turk said during a meeting with SK On, Ford Motor and SK BlueOval executives. ....

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US deputy secretary welcomes SK-Ford battery partnership

David Turk, deputy secretary at the US Department of Energy, visited the construction site of BlueOval SK in Stanton, Tennessee, a joint venture of SK On and Ford Motor Co., the South Korean battery maker said Monday. “BlueOval SK is a project that shows fantastic partnership among the US government, SK On, Ford and BlueOval SK,” Turk said during a meeting with SK On, Ford Motor and SK BlueOval executives. ....

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