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Ford, SK Innovation to Form BlueOvalSK to Scale EV Battery Manufacturing Ford, SK Innovation to Form BlueOvalSK to Scale EV Battery Manufacturing Ford Motor Co. in Dearborn announced Thursday that it has signed a memorandum of understanding with South Korea’s SK Innovation to form a joint venture named BlueOvalSK to produce approximately 60 gigawatt hours (GWh) annually in traction battery cells and array modules, starting mid-decade. Ford Motor Co. is forming a joint venture with SK Innovation called BlueOvalSK to manufacture batteries for EVs. // Photo courtesy of Ford Motor Co. Ford Mot...
Ford, SK Innovation announce US electric battery venture
Posted : 2021-05-20 22:39 Updated : 2021-05-20 22:41 Bill Ford, Jr., Executive Chairman of Ford Motor Company, speaks at the reveal of the new all-electric Ford F-150 Lightning pickup truck at Ford World Headquarters, May 19. AFP-Yonhap South Korean battery maker SK Innovation (SKI) and American automaker Ford Motor will establish a 6 trillion won ($5.3 billion) joint venture in the United States to produce batteries for electric vehicles, the two companies said Thursday. The two companies signed a memorandum of understanding on the joint venture, called BlueOvalSK, to build a battery fact...
Message : Required fields Ford and SK Innovation today announce they have signed a memorandum of understanding (MoU) for a joint venture – to be called BlueOvalSK – to manufacture battery cells and arrays in the U.S. BlueOvalSK to produce approximately 60 gigawatt hours (GWh) annually with potential to expand, starting mid-decade By 2030, Ford expects annual energy demand for its vehicles will be up to 140 GWh annually in North America and up to 240 GWh globally; the company has invested in and is working with a number of battery suppliers to secure capacity and scale delivery for next-ge...