Ford, SK On Finalize U.S. EV Battery Joint Venture
Ford Motor Co and South Korean battery maker SK On Co along with its subsidiary on Thursday finalized setting up a joint venture for building and operating battery production facilities in the United States.
The JV, BlueOval SK LLC, will establish a battery plant for electric vehicles (EV) in Tennessee and two other facilities in Kentucky, the U.S. automaker said in a regulatory filing.
Both the companies had signed a memorandum of understanding for the JV in May last year. BlueOval SK is expected to produce about 60 gigawatt hours of power annually that could be raised further.
Several battery makers have announced plans to invest in the United States, as part of an industry trend to meet the expected growth for EVs and reduce reliance on production in China and cut the related supply chain risks.
South Korean battery makers have announced investment plans of $5.5 billion this year in U.S. plants.
Ford will contribute up to $6.6 billion in capital to BlueOval SK over a five-year period ending in 2026, the automaker said.
Related News
Latest Cars
Upcoming Cars
Latest News
Jaiveer Mehra | May 16, 2026BMW Vision Alpina GT Concept Revealed; Previews Alpina’s Upmarket PushBMW says that the Alpina brand will exist between itself and Rolls-Royce in the BMW Group with the first model – based on the 7 Series, due next year.1 min read
Jaiveer Mehra | May 16, 2026Volkswagen ID.Polo GTI Revealed; 223 bhp Hot Hatch First EV To Wear GTI BadgeThe ID.Polo GTI is offered with a 52 kWh battery, offering up to 424 km of range, and has a sub-7-second 0-100 kmph sprint time.1 min read
car&bike Team | May 15, 2026Norton Manx R's Made-in-India V4 Engine: All You Need To KnowThe 1,200cc, 72-degree V4 engine of the Norton Manx R is perhaps the most sophisticated and powerful motorcycle engine built in India.1 min read
car&bike Team | May 15, 2026Norton Atlas To Be Fully Built In India Before LaunchThe Norton Atlas and Atlas GT will be the mid-size adventure touring models, which will be the first Norton models to be completely manufactured in India.1 min read
Hansaj Kukreti | May 15, 2026King's New Ride: Shah Rukh Khan Adds Rs 5 Crore American SUV Cadillac Escalade To His GarageBollywood star Shah Rukh Khan was recently spotted on the streets of Mumbai being driven around in a luxurious full-size SUV, and videos of the car have gone viral across social media.1 min read
car&bike Team | May 15, 2026Defender Leads JLR Volumes In India As Overall Sales Decline In FY26The brand has recorded a 14 per cent revenue growth, with the Range Rover, Range Rover Sport and Defender being the most popular models1 min read
Preetam Bora | May 11, 20262026 Suzuki Burgman Street 125 Review: What’s Good, What’s Not?The new Suzuki Burgman Street 125 gets refreshed design, minor but meaningful tweaks to the engine, a stiffened chassis, new features and more. But is it worth recommending? Read on, to find out.8 mins read
Bilal Firfiray | May 11, 2026Audi SQ8 Review: The Performance SUV That Actually Makes SenseThe Audi SQ8 has the performance of a V8 seamlessly combined with the everyday luxury and comfort, making it one of the most complete performance SUVs on sale in India today.5 mins read
Jafar Rizvi | May 3, 2026River Indie Gen 3 Long Term Report: 1 Month, 400 km AfterAfter a month and 400 km, the River Indie impresses with its utility-first approach, smooth ride and standout design, despite a few everyday usability compromises.8 mins read
Bilal Firfiray | May 2, 2026Volkswagen Taigun Facelift Review: Still The Driver’s SUV, But Improved!The updated Volkswagen Taigun gets a new 8-speed automatic, a refreshed design, and added features. But does it still deliver the best driving experience in the C-SUV segment?5 mins read
Shams Raza Naqvi | Apr 29, 2026Toyota Innova Hycross Vs Mahindra XEV 9S: Choosing The Right Three Row Family MoverIn a battle of three-row cars the electric Mahindra XEV 9S takes on the Toyota Innova Hycross. Which one ticks more boxes?1 min read