Battery maker SK On declares ‘emergency’ as EV sales disappoint, FT reports

South Korean electrical automobile (EV) battery producer SK On has declared itself in crisis as its potentialities battle with disappointing EV gross sales in Europe and the U.S., the Monetary Conditions reported on Sunday.

Chief Executive Lee Seok-hee announced a series of assign-cutting and dealing-observe measures on Monday, describing them as a verbalize of “emergency administration”, the characterize talked about, citing a letter to workers.