BlueOval SK lands $9 billion loan for Tennessee, Kentucky battery plants
BlueOval SK, a joint venture between Ford Motor Co. and a Korean EV battery maker, was created to supply batteries for Ford and Lincoln electric vehicles.
There are 9 article(s) tagged BlueOval SK:
BlueOval SK, a joint venture between Ford Motor Co. and a Korean EV battery maker, was created to supply batteries for Ford and Lincoln electric vehicles.
Stanton Mayor Allan Sterbinsky said his small town remains enthusiastic about BlueOval City, despite Ford delaying production of its next-generation all-electric truck at the automaker’s new plant.
The company said delaying the launch will enable the company to use lower-cost battery technology and take advantage of other cost breakthroughs while the market continues to develop.
BlueOval SK’s new chief production officer, Jiwon Park, brings his more than 20 years of experience in the EV battery manufacturing industry to the new plant outside Stanton.
The new deal will allow BlueOval SK’s parent company to secure lithium from ExxonMobil’s project in Arkansas for the EV batteries that will be made in BlueOval City.
Junior Achievement’s JA Inspire Career Exploration Fair brought industry leaders and students together for a hands-on look into careers that are fast-growing, in high demand and close to home.
Ford Motor Co.’s Tennessee Electric Vehicle Center has moved past the construction phase, and equipment installation is underway at the assembly plant, which will produce Ford’s next-generation electric truck, code-named Project T-3.
Representatives from across the region also tackled workforce development, crime overflow from Memphis and charging stations for electric vehicles.
Working with third-party consultants, BlueOval SK conducted wage and benchmarking studies to determine employee pay and benefits.
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