Shulou(Shulou.com)11/24 Report--

On December 2, according to foreign media reports, with the increasing demand for electric vehicles, the demand for batteries, a key component, is also increasing, and battery manufacturers have also become the object of capital craving. a number of battery manufacturers have received considerable financing.

The latest foreign media reports show that SK On, which was spun off by SK's innovative battery business in October last year, will receive capital injection from the Qatar Investment Authority, which manages assets worth more than $450 billion, in the first quarter of next year, which will inject 650 billion won, or about $500m.

From foreign media reports, there will be a number of investment institutions and Qatar Investment Authority to invest in SK On, including Hillhouse Capital.

For the Cartel Investment Bureau and Hillhouse Capital to invest in SK On, some people in the industry said that compared with general private equity funds, sovereign wealth funds such as the Cartel Investment Bureau are long-term investors, and Hillhouse also has a lot of capital, which is very helpful for SK On to attract additional investment.

As far as the information mentioned in foreign media reports is concerned, the investment of 650 billion won from the Cartel Investment Agency is only part of SK On's planned financing next year, and foreign media say they plan to secure 2 trillion won of additional funds through the second round of financing before IPO next year.

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