The electric vehicle (EV) battery business of South Korea’s SK Innovation Co Ltd, SK On, has begun a new funding round, targeting 2 trillion to 3 trillion won ($1.6 billion to $2.4 billion), said two people with knowledge of the matter.
The fundraising will mainly target international investors, said the people. One said there will also be domestic participation, and that the company aims to finalise the fundraising as early as the end of March.
