Ford to construct EV batteries in US with new three way partnership BlueOvalSK

EVs want batteries, and Ford needs them made in America.

Nick Miotke/Roadshow

America, you are getting extra battery manufacturing, courtesy of Ford and Korean power firm SK Innovation. On Thursday, sizzling on the heels of the 2022 F-150 Lightning reveal, Ford introduced a brand new three way partnership between the 2 corporations to create BlueOvalSK. The agency can be answerable for US battery manufacturing, which Ford mentioned may unfold to a minimum of 10 crops across the nation.

The automaker thinks it should want 240 gigawatt hours’ price of battery manufacturing by 2030, with 140GWh particularly wanted in North America. That is a requirement BlueOvalSK is designed to service, because it plans to assemble crops and put staff on strains constructing batteries for future Ford and Lincoln electrical automobiles. 

The announcement comes as Ford takes a severe have a look at proudly owning extra of the provision chain, following the semiconductor chip shortage. “We is not going to cede our future to anybody else,” CEO Jim Farley mentioned in an announcement, relating to battery manufacturing for future EVs.

BlueOvalSK will compete instantly with General Motors and LG Vitality Options’ personal three way partnership, Ultium Cells. Ultium Cells already introduced two new battery production sites within the US to serve future EVs from GM — one in Lordstown, Ohio, and one other close to Spring Hill, Tennessee. Ford and SK Innovation did not communicate to future websites for manufacturing services, however the rally to convey extra battery manufacturing to the US appears to be solely simply starting. Juice from the federal authorities under the Biden administration might additional speed up the motion.

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