Aluko signs $601.4M EV battery parts supply deal with Blue Oval SK

Aluko announced a five-year contract from 2026 to 2030 to supply module case protect frames worth $601.4 million to Blue Oval SK LLC, a joint venture between SK On and Ford, through its U.S. subsidiary Alu Materials America Inc.

“Aluko announced on the 26th that it has signed a contract to supply a module case protect frame, a core component of electric vehicle batteries, worth a total of $601.4 million (about 800 billion won) for five years from 2026 to 2030 to Blue Oval SK LLC through its subsidiary Alu Materials America I”mk.co.kr

• 3 sources
• mk.co.krAluko, a company specializing in aluminum parts and materials, is entering the U.S. electric vehicle.. - MKMar 25, 2024
• alcircle.comAluko strikes a $601.4 million deal with Blue Oval SK for EV battery components; Aluminium Extrusion, Profiles, Price, Scrap, Recycling, SectionSarnali ChakrabortyMar 26, 2024
• pulse.mk.co.krAluko signs $601mn deal with BlueOval SK for EV parts - 매일경제 영문뉴스 펄스(Pulse)Mar 27, 2024

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