28 September 2021 1 Min Read

SK Innovation to invest $4.3bn in US battery production with Ford

in Motoring / news by Reuters
SK Innovation supplies electric car batteries to auto makers such as Ford and Hyundai and has battery production sites in the US, Hungary, China and South Korea.
Image: Supplied
Loading ...

South Korea's SK Innovation Co Ltd plans to invest 5.1-trillion won (roughly $4.3bn or R64.63bn) to build battery production facilities in the US through its battery joint venture with Ford Motor Co through 2027, the company said in a regulatory filing on Tuesday.

The South Korean battery maker, which supplies electric car batteries to Ford Motor and Hyundai Motor Co, among others, has battery production sites in the, Hungary, China and South Korea.

Loading ...

READ MORE

Motoring 2 years ago

Brent oil nears $80 a barrel amid supply constraints

Oil prices rose for a fifth straight day on Monday with Brent at its highest since October 2018 and heading for $80 amid supply concerns, as demand ...
Motoring 2 years ago

Polestar to go public at $20bn valuation via SPAC

Swedish electric-car maker Polestar said on Monday it will go public by merging with a blank-check firm backed by billionaire Alec Gores and ...
Motoring 2 years ago

The Peugeot 2008 is your 2021 South African Car of the Year

The 2021 South African Car of the Year (Coty) trophy was on Monday awarded to the striking Peugeot 2008 that launched locally earlier this year with ...
Loading ...
Loading ...