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SK Innovation says Ford BlueOval battery breakup cost it USD 2.6 billion

On January 28, SK Innovation Co. said on its Q4 2025 earnings call that the termination of the battery joint venture with Ford Motor Co. in the U.S. resulted in a KRW 3.7 trillion (USD 2.6 billion) asset loss, as the end of the U.S. EV tax credits reduced its profitability in the quarter despite increased shipments t....

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