Ford-SK battery joint venture to get historic $9,2 billion loan

Tony Verhelle

June 23, 2023

A worker at Ford’s Kentucky truck plant. Investments in battery and EV production could mean an additional 11 000 jobs in the state /Ford

The US Department of Energy (DOE) plans to loan $9,2 billion to the joint venture BlueOval SK between Ford Motor and South Korean battery maker SK On for its battery plants in Kentucky and Tennessee. A massive loan that nearly matches the $11,4 billion the companies themselves are investing in the p
This content has been archived. Log in or Subscribe to a level that has access to archived content.

Comments

Ready to join the conversation?

You must be an active subscriber to leave a comment.

Subscribe Today

You Might Also Like