South Korean EV battery maker SK On is in talks with automakers to supply prismatic batteries, expanding from its existing pouch-type batteries, a senior...
SEOUL - South Korean EV battery maker SK On is in talks with automakers to supply prismatic batteries , expanding from its existing pouch-type batteries, a senior executive said, as it scrambles to turn around amid slowing global electric vehicle demand.
There are three types of lithium-ion batteries currently used in EVs - prismatic, cylindrical and pouch-type, all of which are fundamentally the same in functionality, but each has pros and cons. When asked if SK On, which has never made a profit since it was split off from SK Innovation in late 2021, plans to cut its capital expenditure for the year, Ko said SK On is not considering that for now, adding it will not cut research and development spending.
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