CleanTechnica•14 days ago
It’s Splitsville For Ford & SK As EV Battery Plan Deconstructs Itself
Key Takeaway
The dissolution of the Ford-SK On EV battery JVs signals significant uncertainty and potential disruption in the domestic EV battery supply chain, impacting future EV production and related energy demand for manufacturing facilities.
AI Summary
- •Ford and SK On have abruptly dissolved their EV battery manufacturing joint ventures planned for Kentucky and Tennessee.
- •This breakup impacts significant planned domestic EV battery production capacity, creating uncertainty in the EV supply chain.
- •The dissolution, though reportedly mutual, suggests underlying strategic disagreements or challenges between the partners regarding their EV battery manufacturing plans.
Topics
m&aoem
Article Content
The Intertubes practically erupted in flames on December 11 when word broke that the Ford Motor Company and the leading South Korean firm SK On abruptly dropped their EV battery manufacturing joint ventures in Kentucky and Tennessee. Although the breakup was reportedly mutual, Ford indicated that SK may have jumped ... [continued] The post It’s Splitsville For Ford & SK As EV Battery Plan Deconstructs Itself appeared first on CleanTechnica .