SK Energy inks deal to develop lithium batteries with Formosa

Newswire

SEOUL, Dec 28 (Reuters) - South Korea's SK Energy said it would cooperate with Taiwan's oil refiner Formosa Plastics Group to develop energy storage batteries. Under a signed agreement, the two companies will together develop and produce lithium batteries for energy storage, which can store up to 1,000 times more energy than electric vehicle batteries, South Korea's top crude oil producer said in a statement on Tuesday. SK Energy was chosen as a supplier of lithium-ion batteries for a ...

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