SK Innovation Co. said the termination of a battery joint venture with Ford Motor Co. in the United States resulted in a 3.7 trillion won ($2.6 billion) asset loss, as the cost of a pullback in global ...

The new U.S. entity is tentatively named "AI Company or AI Co." and will serve as a hub for SK Group's AI strategies. The announcement follows SK Hynix's forecast-beating fourth-quarter also announced ...

More than 1,500 layoffs at Kentucky’s BlueOval SK will begin next year on Feb. 14. The electric vehicle battery plant was the result of a now defunct joint venture between Ford Motor Co. and South ...

Over 1,500 workers at the BlueOval SK Battery Park in Kentucky will be laid off starting in February. The layoffs follow Ford's decision to repurpose the plant from making electric vehicle batteries ...

Ford Motor Co. and its South Korean battery partner are getting a divorce, signaling just how badly demand for electric vehicles is missing industry expectations. SK On said Thursday it's reached an ...

In 2022, SK On and Ford invested $11.4 billion to build the joint battery plants in the United States. SK On posted an operating loss of 124.8 billion won ($84.72 million) for the July-September ...

SK On is unwinding its US battery joint venture with Ford Motor Co., ending a three-year partnership as it accelerates its move toward fully independent production in the North American market. The ...

The BlueOvalSK Battery Park is no more. In a massive shakeup for the US electric vehicle supply chain, Ford and South Korean battery giant SK On announced today that they are ending their massive ...

SK On said Thursday it has agreed with Ford Motor to end their three-year joint operation of BlueOval SK, restructuring the U.S. battery manufacturing venture. Under the agreement, each company will ...

Four years ago, Ford and South Korean battery maker SK On struck a deal to form a joint venture and spend $11.4 billion to build factories in Tennessee and Kentucky that would produce batteries for ...

Ford Motor and SK On built a pair of electric vehicle battery plants in Glendale, Ky.Christopher Otts/WSJ Ford Motor and SK Group are ending their joint effort to produce electric-vehicle batteries in ...

Ford Motor Co. and South Korean conglomerate SK On have parted ways on their joint electric vehicle battery endeavors — including on the massive $5.8 billion BlueOval SK Battery Park in Glendale. The ...