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Ford Battery Partner SK On Sees Strong EV Growth Beyond 2024
SK On Co. battery cells for electric vehicle displayed at the InterBattery exhibition in Seoul.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Ford Motor Co.’s South Korean electric-car battery partner SK On Co., which furloughed some US workers last year amid waning EV demand, expects EV sales to be sluggish in 2024 but remains bullish in the long term.
“We just need to be flexible relative to the market situation for the time being,” SK On Chief Commercial Officer Min Sung said in an interview with Bloomberg TV at the CES technology conference in Las Vegas on Wednesday. “Our goal through the end of the decade, it remains strong and it remains in line with our plan.”