Ford and SK On to End $11.4 Billion Battery Joint Venture Amid EV Market Challenges
Ford Motor Co. and SK On will terminate their $11.4 billion joint venture, BlueOval SK, in December 2025 due to declining demand for battery-electric vehicles and the cessation of government subsidies from the Inflation Reduction Act.
Theia Market Signal Identification - AI AssistedPublished Feb 18, 2026
Ford Motor Co. and SK On plan to end their $11.4 billion battery joint venture, BlueOval SK, in December 2025. This decision is part of a broader business strategy to adapt to fluctuations in the electric vehicle market and to address the rising demand for battery energy storage systems (BESS). The move comes in response to a slowdown in demand for battery-electric vehicles and the expiration of government incentives under the Inflation Reduction Act.
Comments