Battery Maker SK On Faces Crisis as EV Sales Fail to Meet Expectations
Sunday, 7 July 2024, 04:00
SK On Battery Crisis
Battery supplier SK On, facing mounting losses, may require a rescue by its South Korean parent.
Key Points:
- EV Sales: Disappointing sales performance in the EV market.
- Financial Strain: Concerns about the company's financial stability.
- Market Impact: Challenges in the EV sector affecting key industry players.
SK On's 'emergency' declaration signals a critical situation that necessitates prompt action to mitigate losses.
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