Back to today’s briefing

Story perspectives

SK On Ends Ford Partnership, Takes Full Control of Tennessee Plant

12/11/2025

43 10

Summary

Story summary

On December 11, 2025, SK On announced it would end its joint venture with Ford Motor for U.S. battery factories.
SK On will take full ownership of its Tennessee plant to support energy storage production.
A Ford subsidiary will own the Kentucky plants.
The restructuring aims to improve financial stability by reducing debt and costs.
Other South Korean battery manufacturers are shifting production to energy storage systems.

1 of 1

Story summary

On December 11, 2025, SK On announced it would end its joint venture with Ford Motor for U.S. battery factories.
SK On will take full ownership of its Tennessee plant to support energy storage production.
A Ford subsidiary will own the Kentucky plants.
The restructuring aims to improve financial stability by reducing debt and costs.
Other South Korean battery manufacturers are shifting production to energy storage systems.