Ford's EV Battery Partner SK On Targets US Growth

SK ON has secured a $9.2 billion loan from the US government to build battery plants, aiming to reduce reliance on Chinese components. The company plans to construct 14 plants globally, including six in the US by 2025. Despite challenges like inflation and labor costs, SK ON aims to turn a profit next year, driven by investor pressure and an upcoming IPO. The new CFO is expected to align the company with investor expectations.

What recent financial support did SK ON receive from the US government?

How many battery plants does SK ON plan to build in the United States by 2025?

What challenges does SK ON face in training and hiring battery workforces in the United States?

What is the company's goal regarding profitability in the next year?

Who is the new CFO of the company and what is his background?