# 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.

- Type: Partnership
- Announced: 2021-05-20
- Where: United States
- Value: $5.40B (6000.0B KRW)
- Status: announced
- Capacity: 60 GWh per year
- Products: electric vehicle battery cells, battery modules
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [SK Innovation](https://endata.com/companies/21924.md)
- [Ford Motor Company](https://endata.com/companies/3544.md) (partner)

## Sources

- [fnnews.com](https://www.fnnews.com/news/202105210511557200), 2021-05-20: "SK이노베이션이 미국 완성차업체 포드와 전기자동차(EV)용 배터리셀 생산을 위한 합작법인을 설립한다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.