SK On confirms termination of non-binding agreement to build battery cell venture in Turkey
SEOUL, Feb 8 (Reuters) - South Korean electric vehicle maker SK On said on Wednesday the non-binding memorandum of understanding between SK On, Ford Motor Co (F.N) and Koc Holding AS (KCHOL.IS) to build a battery cell venture in Turkey has been terminated by mutual agreement.
SK On - whose parent SK Innovation Co Ltd (096770.KS) counts Hyundai Motor Co (005380.KS), Volkswagen AG (VOWG_p.DE) and Ford among its customers - announced the joint venture to make electric vehicle (EV) battery cells in Turkey last year.
(This story has been refiled to fix a typo in the headline)
Reporting by Heekyong Yang; Editing by Tom Hogue
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