SK On is a battery company headquartered in Seoul, South Korea. Spun off in 2021, it is a subsidiary of SK Innovation, a member of SK Group. Its batteries are used for electric vehicles and ESS. SK Trading International, SK Enterm, and SK Enmove were merged into SK On from 2024 to 2025.
History
In July 2021, SK Innovation announced the spin-off of its battery business.[1] The entity launched as SK On in October.[2] In December 2022, SK On announced a new plant with Hyundai in Cartersville, Georgia.[3] In February 2023, SK On withdrew from a joint venture with Ford and Koç Holding