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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

SK Innovation and Ford to form BlueOvalSK battery JV · Endata

◂ Announcements

May 20, 2021PARTNERSHIPUnited States

SK Innovation and Ford to form BlueOvalSK battery JV

SK Innovation and Ford signed an MOU to form a joint venture, BlueOvalSK, to produce electric vehicle battery cells and modules in the US. The JV plans to invest about 6 trillion won (approx. USD 5.4 billion) for an annual capacity of 60 GWh, with production starting around 2025.

Value

$5.40B (6000.0B KRW)

Status

Announced

Capacity

60 GWh per year

Productselectric vehicle battery cellsbattery modules

CompaniesSK Innovation Ford Motor Company partner

Sectors#Automotive Components

“SK이노베이션이 미국 완성차업체 포드와 전기자동차(EV)용 배터리셀 생산을 위한 합작법인을 설립한다.”fnnews.com

1 source
fnnews.comSK이노, 美포드와 6조원 합작법인 설립…2025년 전후부터 생산(종합) - 파이낸셜뉴스May 20, 2021

Summarized from public sources; check the original articles before acting on it.

More from SK Innovation

Sep 27, 2021NEW FACILITYKentucky and Tennessee, United States$11.4B11,000 jobsops 2025
Ford and SK Innovation to invest $11.4B in new U.S. EV and battery plants
Ford Motor Company SK Innovation partner cnbc.com
Sep 9, 2021CONTRACTSouth Korea$8.50B
EcoPro BM signs KRW 10.1 trillion cathode material supply deal with SK Innovation
EcoPro BM SK Innovation customer fnnews.com newspim.com
May 31, 2021CONTRACTHenderson, Nevada, United States
RS Automation becomes smart factory partner of Nevada state government
RS Automation SK Innovation customer fnnews.com
May 20, 2021CONTRACT$228.0M
Inji Controls signs KRW 256.4 billion battery product contract with SK Innovation
SK Innovation customer Inji Controls supplier etoday.co.kr
Apr 22, 2021CONTRACTSouth Korea$1.09B
L&F signs KRW 1.2 trillion supply deal with SK Innovation for EV cathode materials
SK Innovation customer L&F supplier biz.heraldcorp.com
Apr 22, 2021ACQUISITIONSouth Korea$1.34B
IMM PE to buy 49% stake in SK Lubricants from SK Innovation for $1.34 billion
IMM Private Equity acquirer SK Innovation partner pulse.mk.co.kr

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