Korean media: SK Innovation is considering divesting its electric vehicle battery business

According to a businesskorea report, JiDong-seop, CEO of SKInnovation's battery business unit, said at the InterBattery2020 conference a few days ago that the company is considering divesting its electric vehicle battery business from a financial perspective. JiDong-seop further explained: 'We are only considering, and have not formulated a specific timetable. Spin-off the battery business has both advantages and disadvantages. The company's financial department may evaluate the possibility of separating the battery business from SKInnovation. 'In addition, JiDong-seop said that the company is also considering establishing more battery factories in the United States. 'If customers from companies such as Volkswagen, Ford and Hyundai Motor want to increase our battery supply, we may build more battery factories.' He said. JiDong-seop also mentioned the dispute with LGChem. He said: 'This lawsuit is not only a matter between SKInnovation and LGChem, but also has a major negative impact on the domestic battery industry. We are trying to negotiate with LGChem and will resolve the issue as soon as possible.' Statement: Published on this site Some pictures and content of the article are from the Internet, if there is any infringement, please contact to delete the previous article: How is the 'super battery' made