# 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: 2026-09-11T22:25:34.668996+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, SK Innovation (SK On) is directly linked to 12 companies (10 supply, 3 revenue, 1 investment relationships) and reaches 16 companies within two hops; the links are backed by 28 dated sources, 5 of them primary filings (as of 2026-09-11).

SK Innovation (SK On) operates across EV batteries (supplies Hyundai, Ford, Nissan). It is +23.5% in 2026. The stock (+23.5%) is ahead of both its demand side (avg -19.3%) and supply side (avg -21.8%). Having run ahead of its chain, it is the first spot to give back if customer numbers fail to follow. Among connected nodes the furthest ahead is Daejoo Electronic Materials (+11.6%) and the furthest behind is EcoPro BM (-54.3%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Parent SK Innovation reported FY2025 consolidated revenue of KRW 80.3 trillion.

## Demand chain (leading)
- T1 Nissan Motor (https://valuechain.wiki/nissan-motor.md)
- T1 Hyundai Motor Company (https://valuechain.wiki/hyundai-motor-company.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)
- T1 PNT (People & Technology) (https://valuechain.wiki/pnt.md)
- T1 Advanced Nano Products (https://valuechain.wiki/advanced-nano-products.md)

---
Full node: https://valuechain.wiki/sk-innovation.md · JSON: https://valuechain.wiki/sk-innovation.json