SK On, SK Enmove merge as part of SK Innovation’s business restructuring
The merger boosts SK On's financial strength with projected $1.2 billion capital increase and targeted EBITDA growth by 2030
SK Innovation has announced a merger between its electric vehicle (EV) battery subsidiary, SK On, and SK Enmove, known for lubricants and immersion cooling technology, as part of its strategy to evolve into a comprehensive energy company amidst the electrification era.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
