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Ford and SK On's Joint Venture Encounters Surplus in EV Battery Supply
2025-08-20 /
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Author：小编
The joint venture battery factory established by Ford Motor Company and South Korean SK On in Kentucky, USA, is grappling with overproduction challenges stemming from waning demand for electric vehicles (EVs). Initially envisioned to primarily cater to Ford's F-150 Lightning pickup trucks, the factory is now actively seeking new clientele, including those in the energy storage sector. However, the sluggish adoption of EVs has resulted in a 26% drop in F-150 Lightning sales during the second quarter, posing a hurdle in fully utilizing the factory's production capacity. Additionally, the potential elimination of the $7,500 tax credit policy for EVs may further impact sales in this segment.
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