On May 20, Ford and SK Innovation (SKI) announced the establishment of a joint venture named “BlueOvalSK” for battery production, with a goal of achieving an annual capacity of 60 GWh by 2025.
Ford’s recently released electric pickup truck, F-150 Lightning, may possibly use BlueOvalSK’s batteries in the future.
BlueOvalSK will invest 6 trillion Korean won (approximately RMB 34 billion) in battery production, and SKI stated that it will continue to increase investment as the market expands.
Previously, Ford also participated in a new round of investment in Solid Power, a U.S. solid-state battery start-up company, laying out in the field of solid-state batteries.
Ford expects its pure electric vehicle models to demand 240 GWh of batteries by 2030, with North America needing approximately 140 GWh, reflecting strong battery demand.
Tesla, Volkswagen, BMW, Ford and other international carmakers have already invested heavily in battery factories.
🔗Source: SK Innovation
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