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2021-08-11

Lithium all the way

Ford battery venture with SK Innovation will extend to Europe, executive says

DETROIT, Aug 11 (Reuters) - Ford Motor Co's electric vehicle battery joint venture with South Korea'

Ford battery venture with SK Innovation will extend to Europe, executive says

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Blurrrrry
·2021-08-11
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The deal, which still needs to be finalized, includes plans for two North American plants.</p>\n<p>\"We're very excited about this joint venture and it's going to be beyond just North America,\" Hau Thai-Tang, Ford's chief product platform and operations officer, said at a J.P. Morgan conference. \"It will certainly extend into Europe.\"</p>\n<p>Thai-Tang did not provide timing for when the joint venture would open a plant in Europe. SK Innovation declined to comment.</p>\n<p>Ford's global EV plan calls for at least 240 GWh of battery cell capacity by 2030, equal to about 10 plants, Thai-Tang previously said. 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