SK On Tennessee takes control of battery plant in Stanton as joint venture with Ford dissolves

SK On Tennessee, a subsidiary of South Korean battery manufacturer SK On, has taken full ownership of the battery plant at Ford's BlueOval City in Stanton, ending a joint venture with Ford Motor Company. Ford's subsidiary now controls two Kentucky battery plants, while SK On Tennessee plans to produce automotive and energy storage systems starting in 2028 under a strategic partnership with Ford.