Ford and SK On joint venture poised to receive US$9.2 billion loan to build battery plants

Peng Chen, DIGITIMES Asia, Taipei 0

Credit: AFP

The US Department of Energy announced on June 22 that it plans to loan US$9.2 billion to BlueOval SK, the battery joint venture between Ford and South Korea-based SK On. The loan is expected to support the setup of three battery plants in the US.

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