BlueOval SK Electric Vehicle Battery Plants
Sector: Energy Storage • Location: Tennessee, Kentucky, United States
Source: Bloomberg
Ford Motor Co. and South Korea's SK Innovation Co. had a joint venture called BlueOval SK to build electric vehicle battery factories and an assembly plant for electric F-Series pickups in the US. The joint venture is being broken up, with SK On taking over the Tennessee plant and Ford taking over two plants in Kentucky. The US Energy Department had finalized a loan agreement of up to $9.6 billion
- Status
- Restructuring
- Sector
- Energy Storage, Electric Vehicles (EVs), Manufacturing (Industrial), Automotive, Government
- Location
- Tennessee, Kentucky, United States of America
- Updated
- 22 Jul 2026
- Source
- Bloomberg
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Project Information
Participants
Sponsoring Agency |
Status
Original status | restructuring |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Ford Motor Co. and South Korea's SK Innovation Co. had a joint venture called BlueOval SK to build electric vehicle battery factories and an assembly plant for electric F-Series pickups in the US. The joint venture is being broken up, with SK On taking over the Tennessee plant and Ford taking over two plants in Kentucky. The US Energy Department had finalized a loan agreement of up to $9.6 billion to support the construction of these plants, but the loan will be reduced and restructured following the breakup of the joint venture. |
Original sector | Transportation |
Budget |
Location
Country | United States of America (USA) |
State | Tennessee, Kentucky |
Source
Source | Bloomberg |
URL |
More Details
Record type | Project |
Sector | Energy Storage, Electric Vehicles (EVs), Manufacturing (Industrial), Automotive, Government |
Article published date | 2025-12-14 |
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