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2021-08-11

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Ford battery venture with SK Innovation will extend to Europe, executive says

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The deal, which still needs to be finalized, includes plans for two North American plants.</p>\n<p>\"We're very excited about this joint venture and it's going to be beyond just North America,\" Hau Thai-Tang, Ford's chief product platform and operations officer, said at a J.P. Morgan conference. \"It will certainly extend into Europe.\"</p>\n<p>Thai-Tang did not provide timing for when the joint venture would open a plant in Europe. SK Innovation declined to comment.</p>\n<p>Ford's global EV plan calls for at least 240 GWh of battery cell capacity by 2030, equal to about 10 plants, Thai-Tang previously said. 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The deal, which still needs to be finalized, includes plans for two North American plants.\n\"We're very excited about this joint venture and it's going to be beyond just North America,\" Hau Thai-Tang, Ford's chief product platform and operations officer, said at a J.P. Morgan conference. \"It will certainly extend into Europe.\"\nThai-Tang did not provide timing for when the joint venture would open a plant in Europe. SK Innovation declined to comment.\nFord's global EV plan calls for at least 240 GWh of battery cell capacity by 2030, equal to about 10 plants, Thai-Tang previously said. 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