Seosan City, SK On Sign Investment Deal for ESS Battery Production Facility

Published: Apr 23, 2026 11:16

Save

Seosan City, Korea, announced that it has signed an investment agreement with SK On to establish an ESS battery production facility.

Under the agreement, SK On will invest KRW 58.7 billion to convert part of its existing EV battery plant in the Seosan Auto Valley industrial complex into an ESS battery production facility. A 3 GWh-scale LFP battery production line for ESS will be installed within the site.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

29 mins ago

[SMM Analysis]Cobalt Market Continued to Diverge, with Severe Losses Across the Industry

29 mins ago

30 mins ago

[Lithium Battery: XTC Plans To Invest In 40,000 Tons/Year Lithium Iron (Manganese) Phosphate Project]

On April 22, Xiamen Tungsten New Energy Materials Co., Ltd. issued an announcement regarding the relevant proposals to increase capital in its holding subsidiary, Ya'an XTC New Energy Materials Co., Ltd., and have it invest in the construction of an annual 40,000-ton lithium iron (manganese) phosphate project. This investment project is the third phase in Ya'an, an annual 40,000-ton lithium iron (manganese) phosphate project, with an estimated total investment of 734.29 million yuan, including fixed asset investment of 688.91 million yuan and initial working capital of 45.38 million yuan. The construction period is 25 months, with production scheduled to commence in June 2028.

30 mins ago

31 mins ago

[Lithium Battery: Shanshan Shares Control To Transfer To Anhui State-Owned Assets]

On April 22, Ningbo Shanshan Co., Ltd. issued an announcement stating that the court has approved the reorganization plan for Shanshan Group and its wholly-owned subsidiary Ningbo Pengze Trading Co., Ltd., and has terminated the debtor's reorganization proceedings. According to the reorganization plan, Anhui Wanwei Group Co., Ltd. will, through a combination of direct stock acquisitions and voting arrangements with retained shares, control a total of 21.88% of the voting rights of Shanshan shares held by Shanshan Group and Pengze Trading. The controlling shareholder of Shanshan Shares will change to Wanwei Group, and the actual controller will change to the State-owned Assets Supervision and Administration Commission of the People's Government of Anhui Province.

31 mins ago