SK Group plans to sell stake in silicon-based anode factory

Recently, South Korea's SK Group plans to sell its 14.75% stake in SK Materials Group to its US partner Group 14 Technologies. The joint venture was established in 2021, and Group 14 already owns a 25% stake. The project is seen as a strategic investment for future growth by the Korean conglomerate. However, due to financial pressure and strategic adjustments, SK Group decided to sell its shares.