Over 1,500 workers at the BlueOval SK Battery Park in Kentucky will be laid off starting in February. The layoffs follow Ford's decision to repurpose the plant from making electric vehicle batteries ...

Mass layoffs are anticipated to start soon at Kentucky’s BlueOval SK plant as it shifts from making electric vehicle batteries to making energy storage systems. South Korean battery maker SK On and ...

Ford Motor Co. and its South Korean battery partner are getting a divorce, signaling just how badly demand for electric vehicles is missing industry expectations. SK On said Thursday it's reached an ...

SK On and Ford Motor Co. are restructuring their BlueOval SK battery manufacturing joint venture. Under the new agreement, SK On will take full ownership of the Tennessee plant, and a Ford subsidiary ...

SK On is unwinding its US battery joint venture with Ford Motor Co., ending a three-year partnership as it accelerates its move toward fully independent production in the North American market. The ...

In central Kentucky, Ford plans to build a dedicated battery manufacturing complex with SK Innovation – the $5.8 billion BlueOvalSK Battery Park – creating 5,000 jobs. Twin battery plants on the site ...

South Korean battery maker SK On said on Thursday that it has decided to end its joint venture with Ford Motor for their joint battery factories in the U.S. as part of a business overhaul to focus on ...

The South Korean battery maker SK On that had partnered with Ford Motor Co. for U.S. production of parts for electric vehicles, including in Kentucky, is ending the joint venture. SK On and Ford said ...

Cast your mind back to 2021. Electric vehicles were hot stuff, buoyed by Tesla’s increasingly stratospheric valuation and a general optimism fueled by what would turn out to be the most significant ...

SEOUL, Dec. 11 (Yonhap) -- South Korean battery maker SK On Co. said Thursday it has agreed with Ford Motor Co. to seek separate ownership and operation of their U.S. plants to end their joint venture ...

SEOUL, Dec 11 : South Korean battery maker SK On said on Thursday that it has decided to end its joint venture with Ford Motor for their joint battery factories in the United States. SK On is a ...

MEMPHIS, Tenn. — South Korean battery giant SK On is ending its partnership with the Ford Motor Company and will take over the battery plant at BlueOval City, Reuters is reporting. SK On said on ...