# If SK Innovation (SK On) moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/sk-innovation · Facet: ripple · Updated: 2026-11-02T17:22:57.416+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, SK Innovation (SK On) is directly linked to 13 companies (11 supply, 3 revenue, 1 investment relationships) and reaches 20 companies within two hops; the links are backed by 31 dated sources, 6 of them primary filings (as of 2026-11-02).

SK Innovation was up 23.5% through September 4, 2026, ahead of POSCO Future M at -17.8% on the same date. SK On's KRW 1.1tn agreement to procure ESS LFP cathodes over 2027–2029 makes its non-China supply chain concrete, but deliveries begin only in 2027. Higher ESS sales and Georgia utilization would transmit the move to materials; delays would mean the lead reflected SK On expectations rather than operating propagation.

## Demand chain (leading)
- T1 Nissan Motor (https://valuechain.wiki/nissan-motor.md)
- T2 Mitsubishi Motors (https://valuechain.wiki/mitsubishi-motors.md)
- T1 Hyundai Motor Company (https://valuechain.wiki/hyundai-motor-company.md)
- T2 Hyundai Transys (https://valuechain.wiki/hyundai-transys.md)
- T3 Kia (https://valuechain.wiki/kia.md)
- T3 Hyundai Wia (https://valuechain.wiki/hyundai-wia.md)
- T1 Ford Motor Company (https://valuechain.wiki/ford-motor-company.md)
- T2 Ecolab Inc. (https://valuechain.wiki/ecolab.md)
- T3 The Coca-Cola Company (https://valuechain.wiki/coca-cola.md)
- T3 McDonald's (https://valuechain.wiki/mcdonalds.md)
- T2 United Rentals (https://valuechain.wiki/united-rentals.md)

## Supply chain (benefiting)
- T1 Enchem (https://valuechain.wiki/enchem.md)
- T1 Ronbay Technology (https://valuechain.wiki/ronbay.md)
- T1 SK IE Technology (https://valuechain.wiki/skiet.md)
- T1 L&F (https://valuechain.wiki/landf.md)
- T1 EcoPro BM (https://valuechain.wiki/ecopro-bm.md)
- T2 EcoPro Materials (https://valuechain.wiki/ecopro-materials.md)
- T3 Ecopro (https://valuechain.wiki/ecopro.md)
- T3 Ecopro HN (https://valuechain.wiki/ecopro-hn.md)
- T1 Daejoo Electronic Materials (https://valuechain.wiki/daejoo-electronic.md)
- T1 SKC (https://valuechain.wiki/skc.md)
- T2 Toyota Tsusho (https://valuechain.wiki/toyota-tsusho.md)
- T3 Asahi Kasei (https://valuechain.wiki/asahi-kasei.md)
- T1 PNT (People & Technology) (https://valuechain.wiki/pnt.md)
- T1 Advanced Nano Products (https://valuechain.wiki/advanced-nano-products.md)
- T1 POSCO Future M (https://valuechain.wiki/posco-future-m.md)
- T2 POSCO Holdings (https://valuechain.wiki/posco-holdings.md)

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