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2 days agoFord and SK On are ending their U.S. battery joint venture | TechCrunch
Four years ago, Ford and South Korean battery maker SK On struck a deal to form a joint venture and spend $11.4 billion to build factories in Tennessee and Kentucky that would produce batteries for the next generation of electric F-Series trucks. The factories live on; the joint venture will not. SK On, a subsidiary of SK Innovation, said Thursday it reached an agreement with Ford to end the joint venture.
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