Ford, SK On to split joint venture
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Korea's SK On exits Ford joint venture as EV demand wanes, shifting focus to energy storage while leaving Ford holding key battery plants
Ford Motor Co. and South Korean conglomerate SK On have ended their EV battery endeavors. What it means for the BlueOval SK Battery Park in Kentucky.
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Ford, SK On end partnership, Ford will take ownership of BlueOval SK
The first battery rolled off the plant in August 2025.
Gov. Andy Beshear says Ford’s commitment to Kentucky remains strong after SK On ends its joint venture with the automaker, shifting full control of state battery operations to Ford.
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 product