S Korean EV battery firm SK On targeting to raise up to $2.4b

S Korean EV battery firm SK On targeting to raise up to $2.4b

FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, Feb. 3, 2017. REUTERS/Kim Hong-Ji

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.

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