The company announced in September that it plans to build a new battery factory in China with an initial investment of 1.2 trillion won ($ 1.01 billion). The battery unit of South Korean company SK Innovation Co Ltd plans to invest $ 2.53 billion to build a new electric vehicle (EV) battery plant in China, Yancheng News reported on Thursday, supported by the Chinese local government. SK On, a wholly-owned subsidiary of SK Innovation, which supplies electric car batteries to Ford Motor Co, Volkswagen and Hyundai Motor Co, among others, has battery production sites in the United States, Hungary, China...
Chinese Proverb of the Day: 'To forget one’s ancestors is to be a brook…'-Life lessons on heritage, identity, roots, and why remembering our past shapes our future
June 3, 2026
economictimes.indiatimes.com
