South Korean EV battery maker SK On declares "emergency management" due to weak EV sales in Europe and the US.

South Korean EV battery maker SK On declares a state of "emergency management" due to disappointing EV sales in Europe and the US. CEO Lee Seok-hee announced cost-cutting and working-practice measures to address the crisis. This decision comes after the company's customers have been struggling with sales in key markets.

July 07, 2024
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