Ford Doubles Down on EVs By Closing Deal on Three New US Battery Plants
15 Jul 2022 | Abstracted from Finbold
"Ford closed the deal with SK to build battery production facilities in the U.S. The joint venture…will be stationed in Georgia, where an SK facility is located…"This investment will consist of $7.8 billion for three plants, one in Tennessee and two in Kentucky. The combined capacity of these plants should equate to 129 gigawatt-hours, once completed, with a planned mass production date in 2025."
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