SK on wins big orders from Hyundai Motor and Nissan Motor, and is expected to reverse its decline

Although SK on's installed capacity in the first quarter of this year fell by 8 percentage points year-on-year in the global ranking of power battery installed capacity, the company has signed a battery supply contract with Hyundai Motor for 590GWh and will provide batteries for Nissan cars listed in the US market. These two large orders are expected to help SK on reverse its current decline.