SK On lays off 1,000 workers at US battery plant

South Korean electrical conveyance (EV) artillery shaper SK On Company has laid disconnected astir 1,000 workers astatine its artillery manufacturing works successful the US authorities of Georgia, according to section reports citing a institution filing, amid slowing request for EVs successful the state pursuing the withdrawal of artillery electrical conveyance (BEV) incentives by the US authorities past year.

The company’s US manufacturing subsidiary, SK Battery America, is reported to person chopped 968 jobs astatine its artillery works successful Commerce, Georgia, representing astir 39% of the facility’s workforce of astir 2,500 employees.

SK On confirmed that the restructuring is successful effect to changing marketplace conditions, including a crisp slowdown successful request for artillery electrical vehicles (BEVs), and that the institution has decided to “adjust its operations portion maintaining its committedness to gathering a beardown US proviso concatenation for precocious batteries.”

The US$ 2.6 cardinal artillery works began operations successful aboriginal 2022, supplying batteries for Ford’s F-150 Lightning pickup truck, arsenic good arsenic for Hyundai and Volkswagen. The institution has been deed by cancelled accumulation plans by its customers, amid falling request for BEVs successful the country.

SK On is scheduled to implicit operation of a 2nd artillery works successful Georgia this twelvemonth to proviso Hyundai, with a further works scheduled to beryllium completed successful Tennessee successful 2028.

"SK On lays disconnected 1,000 workers astatine US artillery plant" was primitively created and published by Just Auto, a GlobalData owned brand.

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