SK On in talks to supply prismatic batteries

The logo of SK On is pictured at its EV battery factory in Seosan, South Korea, October 19, 2023. REUTERS/Kim Hong-Ji/File Photo

SEOUL: South Korean electric vehicle (EV) battery maker SK On is in talks with automakers to supply prismatic batteries, expanding from its existing pouch-type batteries, a senior executive says, as it scrambles to turn around amid slowing global EV demand.

SK On, a unit of energy group SK Innovation, which supplies EV batteries to Ford Motor, Hyundai Motor, Volkswagen among others, is speaking to multiple automakers that are looking to line up prismatic battery supply deals, SK On chief spokesperson Ko Chang-Kook said.