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Dec 11, 2025 8:00 AM

Ford, SK On To End $11.4 Billion Battery Venture Amid EV Rollback, CAFE Relaxations

Ford Motor Co. (NYSE:F) and South Korean battery manufacturer SK On have agreed to end the battery manufacturing venture amid EV headwinds due to regulatory changes announced by President Donald Trump and falling demand.

Ford, SK On End Partnership

The South Korean battery manufacturer, a subsidiary of SK Innovation, said it has ended the EV battery partnership at two plants in the U.S. to shift focus towards Energy Storage Systems.

"The production start schedule for the Tennessee plant remains flexible at this time, as it is related to the ownership transition," SK On said, sharing that the Kentucky plant would now be owned in full by Ford, while it will assume ownership of the battery plant in Tennessee.

The decision comes as part of an overhaul in strategy to reduce debt and ...