Battery cells by SK Innovation are displayed at the company booth during the InterBattery 2021 exhibition at COEX in Seoul on June 11, 2021. (Photo by Jung Yeon-je / AFP)
SEOUL: SK Innovation Co Ltd chief executive officer Kim Jun said yesterday the South Korean company was considering a spin off and a potential listing of its battery business as it also announced plans to boost battery production.
The company said it aimed to increase its annual battery production capacity to 200 gigawatt-hours (GWh) in 2025, up 60% from a previously announced goal of 125GWh. It currently has an annual capacity of about 40GWh of batteries.
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