|Bid||214,500.00 x 0|
|Ask||215,000.00 x 0|
|Day's Range||199,500.00 - 221,000.00|
|52 Week Range||193,000.00 - 327,500.00|
|Beta (5Y Monthly)||1.22|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan. 28, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec. 27, 2019|
|1y Target Est||349,115.00|
South Korean energy group SK Innovation Co Ltd reported a narrower fourth-quarter loss on Friday as refining margins improved in its oil business, helping offset a steep cost increase involving its new battery plant in China. The owner of South Korea's top refiner, SK Energy, said it expects its refining margin to stay stable this year, as both demand and supply are seen increasing amid global economic recovery. SK said batteries, its biggest new growth area, will be the focus of around 70% of its capital expenditure - around $5-5.4 billion - this year as it competes in an intensifying global race to boost capacity to supply the booming electric vehicle (EV) market.
Ford Motor Co's battery joint venture partner, Korea's SK Innovation, expects the U.S. vehicle industry to face a battery supply shortage until 2025 because of the long lead times to build production facilities, top SK executives told Reuters. SK Innovation's battery unit, SK On, is also considering developing lithium iron phosphate batteries (LFP), which have an advantage in cost and thermal stability despite a lower driving range, Kim Jun, chief executive of SK Innovation and Jee Dong-seob, CEO of SK On, said.
The South Korean battery giants powering many of the world's electric vehicles face a skills shortage that could drag on the global race towards zero-emissions transport. The country's three major players, which command a third of the global electric vehicle (EV) battery market, told Reuters they were all grappling with a shortage of research and engineering specialists as demand for the technology balloons. LG Energy Solution (LGES), SK On, and Samsung SDI Co Ltd all rank in the top-six https://graphics.reuters.com/SOUTHKKOREA-BATTERIES/TALENT/lbvgngxzmpq/chart.png global battery makers, and supply the likes of Tesla Inc, Volkswagen and Ford Motor Co among others.