Company

SK On Co., Ltd.

SK On manufactures lithium-ion batteries, primarily for electric vehicles.

About

Founded in 2021 and based in Seoul, SK On is a subsidiary of SK Innovation that develops and manufactures lithium-ion batteries, mainly for electric vehicles. Its customers include Ford, VW, Hyundai and BAIC. In 2023, a consortium including MBK Partners, Blackrock, SNB Capital and Qatar Investment Authority invested USD 944 million; Hillhouse Capital Management later invested USD 400 million.

4Funding rounds

7Investors

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