# 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.

- Type: Partnership
- Announced: 2022-07-15
- Where: United States
- Value: $7.80B
- Status: announced
- Capacity: 129 GWh
- Products: electric vehicle batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Ford Motor Company](https://endata.com/companies/3544.md) (partner)
- [SK On](https://endata.com/companies/64169.md) (partner)

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/all/10388562), 2022-07-15: "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."

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