Last week, South Korean battery manufacturer SK On won the Bronze prize for its cobalt-free battery in the Smart Transportation category at the 2024 Edison Awards. The Edison Awards, named after Thomas Alva Edison, was established in 1987. In 2023, the South Korean battery manufacturer won the Bronze prize for its NCM9 battery. SK On is working hard to expand its business, especially in North America.
The two companies plan to build a 35 GWh battery facility to produce enough cells for 300,000 electric vehicles. Production in the Canadian plant is expected to start by the second half of 2026. The VW ID.4 is among the few electric vehicles eligible for full IRA tax credits.