SEOUL, June 22 (Korea Bizwire) — SK On Co. said Thursday its joint venture with Ford Motor Co. has obtained preliminary approval for a loan of up to US$9.2 billion from the U.S. government, funding that will help them forge ahead with their megaproject to build three battery plants in America. BlueOval SK, the SK [...]
VANCOUVER, British Columbia, May 24 (Korea Bizwire) – Arbor Metals Corp. (“Arbor” or the “Company”) (TSXV: ABR, FWB: 432) is pleased to announce that the recent commitment made by Ford Motor Company to secure lithium from Quebec has been seen as a resounding endorsement of Arbor‘s vision for the lithium market in the region. The automaker’s announcement, which highlights [...]
SEOUL, May 23 (Korea Bizwire) —In a recent development, SK On, the Seoul-based battery manufacturer currently engaged in a joint venture with Ford Motor Company in the United States, has expressed unease regarding Ford’s announcement regarding the procurement of its own raw materials. SK On denies having engaged in any discussions with Ford regarding the [...]
SEOUL, Feb. 22 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s top battery maker, said Wednesday it has signed a non-binding agreement with Ford Motor Co. and Turkey’s Koc Holding A.S. to push for a joint venture to build an electric vehicle (EV) battery plant in Turkey. The announcement came two weeks after [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korean battery maker SK On said Wednesday it is looking into the suspended production of Ford Motor Co.’s electric pickup truck equipped with its battery. Ford Motor has suspended production and shipment of the all-electric F150 Lightning pickup since early last week to address a potential battery issue, [...]
GLENDALE, Jan. 14 (Korea Bizwire) — Rain had wetted much of the clay soil on the ground — rich terracotta earth colors — creating small and large puddles everywhere around a gigantic steel structure, densely embedded with millions of steel beams. Yet it was another busy Sunday for many of the 800 engineers and construction [...]
SEOUL, Jan. 10 (Korea Bizwire) — LG Energy Solution Co., South Korea’s leading electric vehicle (EV) battery maker, said Tuesday it is “in talks” with Ford Motor Co. to build a battery plant in Turkey. The negotiation came as its local EV battery firm, SK On, said it is considering withdrawing a memorandum of understanding [...]
SEOUL, Dec. 6 (Korea Bizwire) — South Korean battery maker SK On Co. said Tuesday its joint venture with Ford Motor Co. has broken ground on an electric vehicle battery plant in the U.S. state of Kentucky. The project is part of the US$11.4 billion investment the two companies announced in September last year to [...]
SEOUL, July 22 (Korea Bizwire) — South Korean battery maker SK On Co. said Friday it has partnered with Ford Motor Co. and a domestic cathode firm to jointly invest in a cathode materials production facility in the United States. SK On said it it has recently signed a letter of intent with Ford and [...]
SEOUL, July 22 (Korea Bizwire) — LG Energy Solution, South Korea’s leading electric vehicle battery maker, said Friday it will supply more battery packs to Ford Motor Co. as the U.S. carmaker ramps up its global production of electric vehicles. LG Energy Solution will initially double the battery production line allotted for Ford Motor at [...]