SEOUL -- South Korean energy company SK Innovation said Wednesday that it will spin off its mainstay battery business in October to better focus on the fast-growing electric vehicle market.
Automobiles
South Korea's SK Innovation to spin off battery business
Investors push shares down nearly 8% after announcement
The sixth-largest EV battery maker held a 5.2% share of the global market in the first half of this year. (Photo courtesy of SK Innovation)
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