Ford Motor Co. incurred billions in charges after ending SK battery venture
Though currently pivoting away from electric vehicles, Ford has lost more than $16 billion on its EV business since 2022.
There are 6 article(s) tagged SK On:
Though currently pivoting away from electric vehicles, Ford has lost more than $16 billion on its EV business since 2022.
Under the agreement, South Korea-based SK On will own the facility at Ford’s $5.6 billion BlueOval City in Stanton. A Ford subsidiary will own two facilities in Kentucky.
BlueOval SK, battery manufacturer for Ford Motor Co.’s $5.6 billion BlueOval City campus, has delayed production until 2027.
Working with third-party consultants, BlueOval SK conducted wage and benchmarking studies to determine employee pay and benefits.
Collierville Chamber of Commerce hosted Neva Burke, BlueOval SK human resources manager, on Thursday. The evolving workforce post-pandemic is a challenge she must tackle moving forward.
The venture between Ford and SK Battery America Inc., a wholly-owned subsidiary of SK On, will build and operate the battery plant at BlueOval City at the Megasite of West Tennessee as well as two battery plants in Kentucky.
About 6 results