Monday, October 18, 2021

SK Innovation

Moon Jae-in visits SK’s battery plant construction site in US

The facility in the state of Georgia is regarded as symbolising close partnerships between the two countries in the electric vehicle (EV) battery sector.

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 form $5.3B EV battery venture in US

Ford has said it will invest $22 billion in electrification by 2025, vowing to step up efforts to build its own batteries for stable supply of the key component.

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

The SK-Ford partnership is expected to be similar to what LG Energy has with another American automaker, General Motors, with the two jointly building battery factories in Ohio and Tennessee.

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

LG, SK reach last-minute settlement in US battery dispute

The US International Trade Commission (ITC) in February sided with LG in a trade secret case and issued a 10-year import ban on SK, while temporarily allowing shipments of battery components for Ford

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