News US announces $9.6bn for Ford’s battery manufacturing The US Department of Energy (DOE) has announced that it will make a $9.6bn loan to BlueOval SK (BOSK) to build three battery plants for Ford electric vehicles. One factory…
News Ford suspends work at $3.5bn Michigan battery factory The Ford Motor Company has suspended work on its $3.5bn electric vehicle (EV) battery plant in the city of Marshall, Michigan, over concerns that it will not be able to run the factory at a profit.
News US government lends Ford-SK duo $9.2bn for battery plants The US Department of Energy (DOE) has conditionally committed to a $9.2bn loan to a joint venture of Ford and Korean conglomerate, SK On, to build three battery factories, one…
