Tag: SK Group

America’s EV Boom Continues With Hyundai and SK On Battery Deal

November 30, 2022
Business & MarketsCompanieselectric vehicleelectric vehicle batteriesenergyHyundaiInflation Reduction ActJoe BidenKiaMarketsSK GroupSK InnovationTech
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A South Korean battery maker will supply electric vehicle (EV) batteries to Hyundai Motor Group’s manufacturing plants in the United States, as government incentives and the auto industry’s move to electrify its car fleets continue to fuel EV-related investment. SK On, part of Seoul-based SK Group, and Hyundai announced the partnership on Nov. 30, saying…

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Investment From South Korea’s SK Group Will Be ‘Consequential’ to US, Says Biden

July 27, 2022
Asia & PacificSK GroupSouth KoreaUSUS President Joe BidenWashingtonWorld
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SK Group, the second-largest conglomerate in South Korea, said on Tuesday that it would invest an additional $22 billion in semiconductors and other cutting-edge industries in the United States. The plan was unveiled following a virtual meeting between S.K. Group chairman Chey Tae-won and U.S. President Joe Biden, who was quarantining in the White House…

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