Ford

U.S. finalizes $9.63 billion loan for Ford, SK On battery joint venture

Ford's Blue Oval SK Battery Park
A rendering of Ford Motor Co.'s Blue Oval SK Battery Park to be built about an hour south of Louisville in Kentucky. (Ford)
December 16, 2024 02:30 PM

WASHINGTON — The U.S. Energy Department finalized a $9.63 billion loan to a joint venture of Ford Motor and South Korean battery maker SK On to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky.

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