![]() SK Innovation currently has a battery plant in Georgia and is continuing to expand in both Europe and China.įord says it’s entering into this joint venture now, because its battery pack needs will be dramatically increasing in the near future. Where these factories will be located is still undefined, but Ford says it intends to have both of them be in North America. To produce the 60 GWh per year Ford says it will with SK Innovation, Ford estimates it will require two new battery-making factories. That expands to 240 GWh if you take into account international markets, too. An expansion may prove necessary, too, as Ford predicts it will require 140 GWh per year by 2030 in North America. Over the years, Ford says there’s the potential to expand this joint venture for even more battery pack production. That’s equivalent to approximately 600,000 Ford Mustang Mach-Es with the extended range battery pack, Ford says. At the start, BlueOvalSK will be producing about 60 GWh per year. The joint venture is set to be called BlueOvalSK, and the goal will be to accelerate battery pack manufacturing alongside R&D of battery technology.Ī number of details are being spelled out initially. Just hours after revealing the 2022 F-150 Lightning electric truck, Ford is announcing a joint venture with South Korean battery manufacturer SK Innovation. Following F-150 Lightning reveal, Ford and SK Innovation announce joint venture to produce battery packs The joint venture will be called BlueOvalSK
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