Faster global financial news!
SK On Signs $1.09 Billion LFP Battery Supply Deal with US NeoVolta Power
SK On announced Monday it has signed an agreement with US-based NeoVolta Power to supply 9 gigawatt-hours (GWh) of lithium iron phosphate (LFP) pouch cells for energy storage systems (ESS). The contract is valued at approximately 1.5 trillion won ($1.09 billion), with batteries to be manufactured at SK On's Georgia plant and delivered over five years from 2027 to 2031. This deal aims to expand SK On's footprint in the rapidly growing North American power market.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
CoreWeave's default probability exceeds 60%, but NVIDIA CEO Jensen Huang states its financing costs are decreasing and NVIDIA is not required to backstop it.
-
2
UKMTO Warns of "Severe" Threat to Shipping in Strait of Hormuz, Attacks "Highly Likely"
-
3
CoreWeave Credit Default Swaps Hit Distressed Levels Amid Investor Concerns Over AI Debt
-
4
AWS, Anthropic, OpenAI and Google are racing to deploy specialized AI engineers to help companies realize returns on their AI investments
-
5
MSCI adopts new index exclusion rules; Strategy and Metaplanet may face removal, SharpLink placed on review list.
-
6
Fed's Hammack: Financial conditions do not appear restrictive right now
-
7
US embassy warns of potential attacks on Saudi airports, restricts staff travel and urges citizens to take extreme caution
-
8
MSCI Launches Consultation to Reclassify Indonesia Equity Indexes from Emerging to Standalone Market Status
-
9
Porsche CEO Michael Leiters discusses new Mission S supercar, China market, and future of EVs
-
10
Balaji Srinivasan's Network School acquires Farcaster; users must sign 'social smart contract' or get read-only access
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
