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SK Innovation to invest $4.3 billion in US battery production with Ford Motor

The South Korean battery maker, which supplies electric car batteries to Ford Motor and Hyundai Motor Co, among others, has battery production sites in the United States, Hungary, China and South Korea.

September 28, 2021 / 07:59 AM IST
Ford Motors has said it will allow 30,000 employees to work from home permanently and is “on track” to implement a hybrid work model where staff will only have to drop in to the office only for meetings and team building activities. This will not be applicable to factory workers. (Image Source: Reuters)

Ford Motors has said it will allow 30,000 employees to work from home permanently and is “on track” to implement a hybrid work model where staff will only have to drop in to the office only for meetings and team building activities. This will not be applicable to factory workers. (Image Source: Reuters)

South Korea’s SK Innovation Co Ltd plans to invest 5.1 trillion won ($4.32 billion) to build battery production facilities in the United States through its battery joint venture with Ford Motor Co through 2027, the company said in a regulatory filing on Tuesday.

The South Korean battery maker, which supplies electric car batteries to Ford Motor and Hyundai Motor Co, among others, has battery production sites in the United States, Hungary, China and South Korea.
Reuters
first published: Sep 28, 2021 08:00 am
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