Korea’s SK On Aims to Best Rivals With Next-Generation Batteries

SK Innovation Co.’s battery unit plans to accelerate development of cutting-edge technologies in partnership with US and European carmakers, its R&D chief said, aiming to win back market share from peers in China and South Korea.

SK On is focused on honing its edge in thermal management technology, such as immersion cooling designed to boost the efficiency of batteries for AI data centers, energy storage systems and electric vehicles, Park Kisoo, head of the company’s research and development arm, said in an interview. The battery specialist already is in talks with Ford Motor Co. and Hyundai Motor Co. to collaborate on the cutting-edge tech, he said.