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 ...

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 ...

Mass layoffs are anticipated to start soon at Kentucky’s BlueOval SK plant as it shifts from making electric vehicle batteries to making energy storage systems. South Korean battery maker SK On and ...

Ford Motor Co. has once again pivoted and is dramatically changing its electric vehicle strategy — creating major ramifications in Kentucky, including the layoff of more than 1,000 workers. On Dec. 15 ...

SK On, a Korean battery maker, and Ford Motor have decided to dissolve their $11 billion joint battery venture across three U.S. factories, opting to split the facilities between the two parties. 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 ...

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 ...

SK On and Ford Motor Co. are restructuring their BlueOval SK battery manufacturing joint venture. Under the new agreement, SK On will take full ownership of the Tennessee plant, and a Ford subsidiary ...

The South Korean battery manufacturer, a subsidiary of SK Innovation, said it has ended the EV battery partnership at two plants in the U.S. to shift focus towards Energy Storage Systems. "The ...

Investing.com -- Ford Motor Co. and South Korea’s SK Innovation Co. have agreed to dissolve their U.S. battery-making joint venture, with each company taking independent control of different ...

SK Hynix said it was "reviewing various measures to enhance corporate value, including a U.S. stock market listing utilizing treasury shares." A U.S. listing could help the surging company close ...