Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Ford and SK On are ending their $11.4B joint venture, splitting control of their battery plants.
SK On and Ford are ending their $11.4 billion joint venture, BlueOval SK, with Ford taking full control of the Kentucky battery plant and SK On assuming ownership of the Tennessee facility.
The split, effective immediately, allows both companies to operate independently, driven by shifting EV market dynamics, slower adoption, and strategic changes.
Production will continue uninterrupted, and jobs are expected to remain stable.
The move reflects a broader industry trend toward direct ownership for greater flexibility and better alignment with U.S. tax credit requirements.
11 Articles
Ford y SK On están poniendo fin a su empresa conjunta de $11.4B, dividiendo el control de sus plantas de baterías.