SK China's official Weibo account has announced the successful completion of a tripartite merger involving SK On, the battery manufacturing arm of South Korea's SK Group dedicated to new energy vehicles. Following an earlier integration with SK Trading International, SK On has now merged with SK Enterm. The strategic objective of this series of mergers is to bolster raw material procurement capabilities and financial stability, ultimately enhancing the company's core competitiveness. As a result of these mergers, SK On anticipates a substantial increase in both revenue and assets.
