SK on and Siemens Digital Industries Software (DISW) announced they have joined forces to build a smart factory system. The former will develop a digital twin for battery production facilities in cooperation with the computer software company.
Sealing of the Agreement
On Sunday, April 14, SK said it is looking to set up smart factory systems with Siemens Digital Industries Software. According to Business Korea, the companies signed a memorandum of understanding last week at the SK Seorin Building in the Jongno district of Seoul.
SK on said the key leaders of both companies attended the important partnership event. The Korean battery maker’s CEO, Lee Seok Hee, was present at the signing ceremony alongside Oh Ki Young, the head of SK on’s factory innovation office. Siemens DISW chief Tomy Hemmelgam and Siemens DISW Korea’s managing director, Oh Byung Joon, were also present.
Creation of The Digital Twin for Smart Factories
SK on is planning to use Siemens DISW’s digital twin software and simulation technology to create a smart factory system for battery production. The Korean firm said it expects the updated system to significantly lessen equipment maintenance time and operating costs.
With the digital twin technology in the plants, SK on said it can also speed up the verification of optimized manufacturing process lines, reducing the length of construction of factories. The company said the digital twin factories will initially be established in South Korea and then expand to the United States and Europe later.
“SK On will expand cooperation with leading global partners, including Siemens, to strengthen our manufacturing competitiveness,” SK on’s chief executive officer, Lee Seok Hee, said in a press release.
Siemens DISW’s CEO, Tony Hemmelgarn, added, “I am very pleased that we can cooperate with SK On by providing the Siemens Xcelerator portfolio to help bring digital production innovations and create a sustainable battery industry.”
Photo by: SK Innovation Newsroom


Marvell Stock Rises After Record Q1 FY2027 Earnings Fueled by AI Demand
Salesforce Q1 FY2027 Earnings Beat Expectations Despite Soft Q2 Revenue Outlook
Costco Q3 Fiscal 2026 Earnings Beat Expectations as Sales and E-Commerce Surge
Autodesk Beats Q1 Estimates, Acquires MaintainX for $3.6 Billion
Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions
Universal Music Group Rejects Pershing Square Takeover Proposal
Samsung Workers Approve Wage Deal, Avoiding Major Strike and Boosting Chip Supply Confidence
NIO CEO Says China’s Auto Industry Has Passed Its Golden Era Amid Weak Car Sales
Samsung Union Dispute Escalates Over Semiconductor Bonus Vote
SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO
HP Q2 2026 Earnings Beat Expectations Despite Memory Chip Pressure
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026
Meta AI Push Could Add $26 Billion in Revenue by 2027, Wolfe Research Says
Xiaomi Shares Drop After Weak Q1 Earnings Amid Rising Smartphone Costs
JPMorgan Sees Biotech Sector at Turning Point, Upgrades Top Pharma Stocks
SpaceX IPO Could Become Largest in History with $1.8 Trillion Valuation Target
Morgan Stanley Names Top AI Security and Data Center Stocks for 2026 



