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17 Sep
17:17

SK Innovation to launch new battery unit next month

South Korean conglomerate SK Innovation will launch on 1 October its new spin-off battery business, SK Battery Co, after receiving the green light from shareholders. The spin-off proposal was approved by 80.2% of the shareholders in a meeting on 16 October. It comes as the company races to gain market share in the global EV battery market, while shifting its approach from “carbon to green,” Kallanish notes. The new unit will already have o…
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