In December 2025, Ford and SK On, SK Innovation's battery unit, announced that the two companies would be dissolving the BlueOval SK joint-venture formed in 2022. While Ford takes over and retools the BlueOval SK Battery Park in Glendale, Kentucky for LFP battery production for battery energy storage solutions (BESS)

Ford has revealed that the total cost for dissolving its EV battery joint venture with SK On, announced in December 2025, is USD 6 billion, which will be a hit to earnings before tax and interest (EBIT) spread across a few years. The first USD 3 billion write down will take place in 2025 earnings, while the remaining

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

SK On Co., Ltd. announced that it has developed a new binder material, PPMA, for silicon anode solid-state batteries in collaboration with Yonsei University of South Korea. PPMA has both electrical conductivity and strong adhesion. It effectively addresses the structural stability issues of conventional silicon anode

South Korea’s SK On Co., Ltd. announced that it successfully developed high-density, single-crystal cathode materials composed of large-sized particles in cooperation with Seoul National University of South Korea. The paper published in Nature Energy, an academic journal, identified technical challenges in synthesizi

Several South Korean media sources reported that SK On Co., Ltd., a battery manufacturing subsidiary of SK Innovation Co., Ltd., will postpone its capital investment in its No.3 Seosan Plant, which is under construction in Seosan-si, Chungcheongnam-do. The company initially advanced the factory construction for the m

On December 11, SK On announced it and its joint venture partner Ford mutually agreed "to restructure their U.S. EV battery manufacturing joint venture, BlueOval SK" as SK On directs its business to focus on growth areas including energy storage systems.
As a result of this restructuring, the BlueOval SK Battery Par

Several South Korean media sources reported that SK On Co., Ltd., a battery manufacturing subsidiary of SK Innovation Co., Ltd., and EVE Energy Co., Ltd., a Chinese battery manufacturer, have agreed to exchange shares in two battery production companies they jointly established. 
-The two companies subject to the sha

On November 4, Louisville, Colorado-based Solid Power, Inc. announced its financial results from Q3 2025, while its year-to-date 2025 operating loss was $74.3 million..
Solid Power delivered USD 4.6 million in revenue and grant income during Q3, bringing year-to-date revenue recognized to USD 18.1 million, while its

SK On Co., Ltd., a battery manufacturing subsidiary of SK Innovation Co., Ltd., announced the completion of its pilot plant for all-solid-state batteries at the Institute of Future Technology, SK On’s research and development base in the Daejeon Metropolitan City, South Korea. The new plant will be primarily used to

On September 4, SK On announced it is entering the U.S. battery energy storage system (BESS) market with lithium iron phosphate (LFP) batteries. SK On, part of the SK Group, secured a BESS supply contract with Flatiron Energy Development, a U.S. utility-scale energy storage developer, owner and operator.
Under the ag

Several South Korean media sources reported that SK On Co., Ltd., a battery manufacturing subsidiary of SK Innovation Co., Ltd., will supply batteries to Slate Auto, a US EV startup. The batteries produced at SK On’s plant in Georgia, the U.S., will be installed on Slate Auto’s pickup trucks, which are scheduled to b

Production began on August 19 at the BlueOval SK Battery Park site in Kentucky, a joint-venture between Ford and SK On, with the first battery rolling off the line destined for a Ford F-150 Lightning.
BlueOval SK in Kentucky had already scaled back its output capacity plans amid a slowdown in EV demand. BlueOval SK B

Several South Korean media sources reported that SK On Co., Ltd., a battery manufacturing subsidiary of SK Innovation Co., Ltd., had signed an agreement for battery recycling ecosystem establishment with South Korea’s EcoPro. Based on the deal, SK On will extract black powder from scrap from its U.S. production subsi

BlueOval SK announced that it began battery production at its first plant in Glendale, Kentucky on August 19, 2025. The Kentucky 1 battery facility will produce batteries for the Ford F-150 Lightning and the extended range Ford E-Transit.
BlueOval SK was established in July 2022 as a joint venture between Ford and SK

Several South Korean media sources reported that SK On Co., Ltd., a battery manufacturing subsidiary of SK Innovation Co., Ltd., has renamed the “SK On Battery Research Institute” located in the Daejeon Metropolitan City to the “Future Technology Research Institute.” The short-term challenge for this institute is to

Ford and SK On’s joint-venture BlueOval SK Battery Park site in Kentucky was originally planned to have two operational plants on its large campus, which would employ 5,000 people. However, with slower demand for EVs, the two companies had chosen to only utilize one of those plants and hire 2,500 workers in the inter

SK On Co., Ltd., a battery manufacturing subsidiary of SK Innovation Co., Ltd., announced that it has been selected as a battery supplier for a U.S.-based electric vehicle (EV) startup, Slate Auto. SK On will produce NCM (nickel, cobalt, and manganese) batteries at its U.S. plant and supply them to Slate Auto for the

On March 19, SK On and Nissan announced a battery agreement that will supply nearly 100 GWh of high-performance, high-nickel batteries to Nissan from 2028 to 2033. These U.S.-manufactured batteries will power Nissan’s next-generation EVs to be produced at the Canton, Mississippi assembly plant. 
Battery production wi

GlobalData attended the 2025 InterBattery event in Seoul, Korea, from March 5-7, 2025. This year, 688 exhibitors participated, including Korean battery cell manufacturers, raw material providers, and manufacturing equipment suppliers. Concurrently, the Korean Battery Industry Association (KBIA) hosted The Battery Con