Transportation
Ford-SK On Venture Seeks Buyers for Excess EV Battery Supply
A Ford F-150 Lightning Platinum at a car show in Montreal on May 2.
Photographer: Andrej Ivanov/BloombergFord Motor Co. and South Korea’s SK On are seeking buyers for excess battery supply produced at their new joint-venture Kentucky factory, underscoring the waning demand for electric vehicles in the US.
The plant, which officially began production Tuesday, was originally intended to support Ford’s own EV business. While the facility will still supply the automaker’s F-150 Lightning plug-in pickup initially, the duo has broadened its strategy to sign up additional customers in order to better utilize the production capacity in the current market.