Ford teams up with South Korea’s SK Innovation to build EV batteries in the US
Read Time:38 Second

Ford teams up with South Korea’s SK Innovation to build EV batteries in the US

0 0

Hot off the heels of the public debut of the F-150 Lightning pickup truck, Ford announced that it will form a joint venture with South Korea’s SK Innovation to manufacture batteries for electric vehicles at scale.

The two companies signed a memorandum of understanding to create a joint venture called BlueOvalSK that would manufacture batteries in the US. Ford has a preexisting relationship with SK Innovation, which supplies batteries for its Mustang Mach-E SUVs.

BlueOvalSK

But now the two companies will plan on making those batteries together. For months, Ford has sought to gain more control over its supply chain as the race to produce more EVs for the growing US market heats up.

SK Innovation recently lost a trade secret dispute with…

Continue reading…

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous post Acclaimed TimeSplitters franchise set to return under reborn Free Radical studio
Next post Twitter is letting anyone apply for verification for the first time since 2017