South Korean EV battery maker SK On raises $1.5b from PE firms: report

South Korean EV battery maker SK On raises $1.5b from PE firms: report

Source: CHUTTERSNAP/Unsplash

South Korea’s SK On has raised about 2 trillion won ($1.51 billion) from private equity firms, pushing the electric vehicle (EV) battery maker’s valuation to around 20 trillion won as it works to expand production abroad, local media reported on Thursday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter