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SK On slows investment and delays Seosan factory expansion with EV market uncertainty

Lillian Chen, Taipei; Jingyue Hsiao, DIGITIMES Asia 0

Credit: SK On

SK On, a battery unit of SK Innovation, has scaled back its investment plans and postponed the expansion of its new factory in Seosan, Chungcheongnam-do, South Korea, due to a slowdown in the electric vehicle (EV) market and uncertain battery demand...

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