Ford or SKI will form a battery joint venture in the United States

by:CTECHi     2021-08-24
Tramway News: Recently, according to people familiar with the matter, Ford Motor and South Korean battery manufacturer SKI (SKInnovation) will announce the establishment of a battery joint venture in the United States on Thursday, local time, to support Ford's production of electric vehicles in the United States. The two companies have reached a memorandum of understanding and will seek to establish a joint venture to produce batteries that are essential to improving competitiveness in the emerging electric vehicle market. In response to this news, Ford declined to comment, saying only that SKI is a valuable supplier, and said it plans to hold a conference call at 9 am Eastern Time on Thursday (21 pm on Thursday, Beijing time) to supply 'Ford The latest status of batteries'. SKI also stated in a statement that the company will not comment on specific projects due to consideration of customer confidentiality. South Korean President Moon Jae-in will arrive in Washington on Thursday for a four-day visit to the United States, including a visit to SKI's factory in Georgia. The formation of a joint venture between Ford and SKI will highlight the close relationship between the United States and South Korea in the field of electric vehicles, and electric vehicles are an important priority of the Biden administration. SKI currently supplies batteries for Ford's new electric F-150 'Lightning' pickup truck. This week, US President Biden drove this electric pickup truck after visiting the F-150's manufacturing plant.
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