Korean battery maker SK On declares ‘emergency’ amid tepid EV sales: report

Korean battery maker SK On declares ‘emergency’ amid tepid EV sales: report

FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji/File Photo

South Korean electric vehicle (EV) battery producer SK On has declared itself in crisis as its customers struggle with disappointing EV sales in Europe and the US, the Financial Times reported on Sunday.