SK On adjusts production capacity to respond to changes in market demand

SK On has been actively developing its global market, with a total of 11 battery factories located in South Korea, Turkey, Hungary, China and the United States. However, as market demand changes, SK On's battery installations have gradually declined. In the first quarter of this year, SK On's global power battery installations were 7.3GWh, down 8.2% year-on-year.