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SM Core has signed a contract worth 24.4 billion KRW to build a logistics automation system for SK On's battery plant in Yancheng, China.
Toptec signed a 57.15 billion won ($43 million) contract with SK On to build a smart factory at SK On's Hungary plant. The contract runs from September 30, 2022 to September 30, 2023.
SK On and Ford launched a 50-50 joint venture called BlueOval to invest 10.2 trillion won ($7.8 billion) in three EV battery plants in the US, targeting mass production in 2025 with a capacity of 129 GWh.
Ford and SK On finalized a 50-50 joint venture called BlueOval SK for a $5.6 billion EV battery plant at BlueOval City in Stanton, Tennessee, expected to create 5,800 jobs and start production in early 2025.