SK On and Ford launch BlueOval JV for three EV battery plants in US

SK On and Ford launched a 50-50 joint venture called BlueOval to invest 10.2 trillion won ($7.8 billion) in three EV battery plants in the US, targeting mass production in 2025 with a capacity of 129 GWh.

“In a 50-50 JV, the two companies will jointly put up 10.2 trillion won ($7.8 billion) to build three plants in the U.S. targeting mass production in 2025 with a capacity of 129 GWh.”pulse.mk.co.kr

• 1 source
• pulse.mk.co.krSK on and Ford set up JV dubbed BlueOval to initiate EV battery project in US - 매일경제 영문뉴스 펄스(Pulse)Jul 15, 2022

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