Ford breaks ground at BlueOval City for the production of all-electric trucks and batteries

Ford Motor Company said today it reached an agreement with Tesla Motors that will provide Ford electric vehicle customers access to more than 12,000 Tesla Superchargers across the U.S. and Canada, doubling the number of fast-chargers available to Ford EV customers starting Spring 2024. A Tesla-developed adapter will provide Ford F-150 Lightning, Mustang Mach-E and E-Transit vehicles fitted with the Combined Charging...

26 May 2023

SNE Research reported that the global EV battery market has recorded a 38.6% YoY growth in Q1 of 2023. The total amount of energy held by batteries for pure EVs, PHEVs, and HEVs was around 133 GWh. CATL remains the top market player with a growth rate of 35.9% and 35% market share. BYD experienced a staggering growth in the Q1 of 115.5% but ranks second in market share with 16.2%. LGES is third with a growth rate of...

5 May 2023

SK On signed a joint development agreement with U.S. graphite company Westwater Resources as part of efforts to strengthen its battery raw material supply chain in North America. Under the agreement, the two companies will work together to develop environmentally responsible, high-performance anode materials tailored for SK On batteries. Should the project end with successful results, SK On will consider the option...

3 May 2023

Hyundai Motor Group today announced its plans to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK On. The Group affiliates Hyundai Motor Company, Kia Corporation, and Hyundai Mobis each approved the plan at their respective board meetings today. In November 2022, the Group signed a memorandum of understanding (MOU) with SK On to secure EV battery supply for North...

25 April 2023

Ford is on track with construction at the BlueOval City mega-campus and poised to usher in a new era of American innovation and manufacturing. The electric vehicle and battery manufacturing campus in West Tennessee begins production in 2025 and will be home to Ford’s second-generation electric truck, code-named Project T3. The site will be capable of producing 500,000 EV trucks a year at full production capacity...

27 March 2023

SK On participated in InterBattery 2023 held at Coex Convention & Exhibition Center, Seoul from March 15 to 17. Hosted by the Korean Ministry of Trade, Industry and Energy, InterBattery is Korea’s most representative battery exhibition event that attracts hundreds of battery companies and tens of thousands of visitors every year. This year, SK On’s exhibition at InterBattery is under the main theme of "Move On,"...

20 March 2023

SK On revealed that it would display a mock-up of a prismatic battery at InterBattery 2023, the largest battery exhibition in Korea, to be held at COEX, Seoul from March 15 to 17. SK On has completed prototype development and plans to begin producing this type of cell within this year. The prismatic battery of SK On is characterized by its fast-charging speed. SK On’s Super Fast (SF) battery, which received the Best...

10 March 2023

According to SNE Reasearch, the global battery usage for 2022 has been 518GWh - a 517.9% growth YoY. For this year, the research agency expects 749 GWh of batteries to be deployed in EVs, PHEVs, and HEVs. Being a South Korean company, SNE Research pays special attention to the three local companies that are major players in the EV battery market - Samsung SDI, SK On, and LG Energy Solution. Their production is...

8 February 2023

At CES 2023, SK On exhibits a SF (Super-Fast) battery with the fastest charging speed among commercially available batteries. Applying a special coating technology, it can be charged up to 80% in 18 minutes and can run more than 400 km on a single charge. In recognition of its performance, SF Battery won the CES 2023 Best Innovation Award in the category of Embedded Technologies for the first time in the battery...

5 January 2023

According to SK Innovation's announcement on the 21, SK On has successfully increased a total of KRW 2.8 trillion in paid-in capital. This is the sum of SK Innovation's investment, which is equal to KRW 2 trillion, and Korea Investment Private Equity’s investment of KRW 0.8 trillion. SK Innovation plans to invest KRW 1 trillion within this month and proceed with the remaining amount next year. This is SK...

22 December 2022

Ford and SK On have broken ground at BlueOval SK Battery Park, where their joint venture – BlueOval SK – has invested $5.8 billion to produce advanced batteries for future Ford and Lincoln electric vehicles, slated to start production in 2025, creating 5,000 new jobs in Kentucky. Construction is on schedule at the two massive battery manufacturing facilities capable of collectively producing more than 80 gigawatt...

5 December 2022

Hyundai signed a memorandum of understanding with SK On to secure a supply of EV batteries in North America. Under the MOU, both parties will cooperate to provide SK On batteries to the Group’s plants in the U.S. after 2025 for EV production. Further details on the cooperation will be revealed at a later stage. Hyundai Motor Group is accelerating electrification efforts with the global target to sell 3.23 million...

29 November 2022

SK Innovation and its subsidiaries announced that 5 of the company's products have won 8 Innovation Award Honorees and two Best of Innovation at CES 2023 Innovation Awards. This is a remarkable achievement after four years since SK’s first CES participation in 2019. Among SK Innovation's products that won at CES 2023 Innovation Awards, SK On's SF battery (Super Fast Battery), officially named E556, was selected as...

17 November 2022

SK On announced today it signed a lithium hydroxide supply deal with Chile’s SQM, a move that will further strengthen the company’s supply chain for critical battery materials in coping with the U.S. Inflation Reduction Act (IRA) following its recent deals with Australian lithium developers. Under the deal, SK On shall purchase up to 57,000 tons of high-quality lithium hydroxide for five years starting in 2023. This...

7 November 2022