Ford, SK Innovation to manufacture EV batteries for US
Published: Monday, 24 May 2021
Automotive manufacturer Ford Motor Co and South Korean energy conglomerate SK Innovation have signed a memorandum of understanding to create a joint venture to manufacture battery cells and energy storage arrays for electric vehicles (EVs) in the United States, Ford said.
The venture, to be called BlueOvalSK, will produce roughly
60 gigawatt hours (GWh) annually starting mid-decade, with the
potential to expand. This will be almost half of
Ford’s annual energy demand for its North American
vehicles by 2030; the company said it expects to need up to 140