Future Tech

Battery maker SK On declares ‘emergency’ as EV sales disappoint, FT reports

Tan KW
Publish date: Sun, 07 Jul 2024, 06:57 PM
Tan KW
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Future Tech

South Korean electric vehicle (EV) battery producer SK On has declared itself in crisis as its customers struggle with disappointing EV sales in Europe and the U.S., the Financial Times reported on Sunday.

Chief Executive Lee Seok-hee announced a series of cost-cutting and working-practice measures on Monday, describing them as a state of "emergency management", the report said, citing a letter to employees.

 


  - Reuters

 

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