Saturday, October 16, 2021

Ford Motor

SK Innovation, Ford to form $5.3B EV battery venture in US

The two companies signed a memorandum of understanding on the joint venture, called BlueOvalSK, to build a battery factory with 60 gigwatt hours (GWh) of production in the US by the mid-2020s.

SK Innovation, Ford to launch EV battery joint venture in US

The two companies plan to announce a memorandum of understanding on the joint venture later in the day, as South Korean President Moon Jae-in meets with U.S. President Joe Biden in Washington

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