South Korean EV battery maker SK On raises $1.5b from PE firms: report

South Korean EV battery maker SK On raises $1.5b from PE firms: report

Source: CHUTTERSNAP/Unsplash

South Korea’s SK On has raised about 2 trillion won ($1.51 billion) from private equity firms, pushing the electric vehicle (EV) battery maker’s valuation to around 20 trillion won as it works to expand production abroad, local media reported on Thursday.