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SK Innovation’s battery business subsidiary, SK On, has secured an additional US$400 million in investment, which is to be used to help accelerate its capacity expansion to “at least” 220GWh per year by 2025, the company said.
"Amid the unfavourable global financial environment, the successful attraction of the equity investment demonstrates the recognition of the growth potential of the electric vehicle (EV) battery market
World's largest battery co to help tap world's largest lithium resource
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