Construction has begun at the BlueOval SK Battery Park, where Ford and SK On's joint venture, BlueOval SK, has committed $5.8 billion to make sophisticated batteries for the next Ford and Lincoln electric vehicles, which are expected to go into production in 2025 and add 5,000 new jobs to Kentucky. The two enormous battery manufacturing plants, which can produce more than 80 gigawatt hours yearly, are being built as planned. Ford is getting closer to its goal of producing 2 million electric vehicles annually worldwide by the end of 2026 because of significant development work at BlueOval SK Battery Park.
About This Merge
As a significant component of electrification, SK On is a leading global developer, manufacturer, and solutions supplier of electric vehicle (EV) batteries. Their goal is to make the world a safer, more convenient place. After SK Innovation, South Korea's largest energy provider, chose to separate its battery business, SK On was established as a standalone entity in 2021. By utilizing its extensive global production network, R&D skills, and production and quality management know-how, SK On intends to become a global leader in the sustainable energy sector. With its main office in Seoul, South Korea, SK On has battery plants operational or under construction throughout the Americas, Europe, and Asia.
Ford Motor Company and SK On have partnered to create BlueOval SK, which will manufacture cutting-edge batteries for upcoming Ford and Lincoln electric vehicles. In addition to one battery manufacturing site in BlueOval City in Stanton, Tennessee, BlueOval SK will run two contiguous battery manufacturing facilities at BlueOval SK Battery Park in Glendale, Kentucky. In 2025, BlueOval SK will start making batteries.
A multinational corporation with its headquarters in Dearborn, Michigan, Ford Motor Company (NYSE: F) is dedicated to assisting in the creation of a better world where everyone has the freedom to travel and realize their ambitions. To improve customer experiences and increase loyalty, the company's Ford+ plan for growth and value creation combines current strengths, new capabilities, and always-on relationships with customers. Ford creates and provides cutting-edge vehicles.
They offer:
- Pickup trucks
- Sport utility vehicles
- Commercial vans
- Sedans
- Lincoln luxury vehicles
- Linked services
- Connected devices
Ford also offers financial services through the Ford Motor Credit Company and is forging leadership positions in mobility solutions, including self-driving technology. Around 176,000 individuals work for Ford worldwide.
Visit Us Today
Learn more about the Ford and SK partnership by visiting our dealership in Buford, GA. We're committed to providing the best possible customer service and will go the extra mile to ensure you're satisfied with your purchase. We hope to see you soon!