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South Korean battery makers are securing domestic and non-Chinese supplies of lithium and cathode materials to comply with tightening US sourcing rules. Key agreements by SK On, Samsung SDI, and LG En
SK On secured a three-year, $115.7 million supply deal with L&F for high-density LFP cathode materials to support its energy storage battery production starting in 2026.
SK On signed a five-year deal to supply 9 GWh of lithium iron phosphate cells to U.S. firm NeoVolta Power for energy storage systems. Total cooperation volume could reach 18 GWh as SK On expands its e
SK Innovation beat Q1 profit estimates with 2.2 trillion won operating profit, though refining recovery remains slow due to logistics disruptions. Its battery unit SK On narrowed losses amid slowing E
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