SK Innovation (KRX: 096770): Raises More Funds and is Making Georgia Battery Plant Productivity Gains

Korean battery maker SK On, part of SK Innovation (KRX: 096770), will raise an additional $400 million from a group of Singaporean financial investors ahead of a planned 2026 IPO.

Jun 08, 2023

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It was just announced that Korean battery maker SK On, part of SK Innovation (KRX: 096770), will raise an additional $400 million from a group of Singaporean financial investors. This increases its total funding to nearly 5 trillion won ($3.8 billion) ahead of its IPO scheduled for 2026.

SK Innovation is expected to significantly slash its deficit in Q2…

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