Tag: SK

SK Building Largest EV Battery Manufacturing Facility in the United States

This is a great deal by Ford to get their battery manufacturing facility built in the US by SK:

This photo, provided by SK On Co. on Jan. 8, 2023, shows the construction site for its joint electric vehicle battery manufacturing complex with Ford Motor Co. in Glendale in the U.S. state of Kentucky.

Rain had wetted much of the clay soil on the ground — rich terracotta earth colors — creating small and large puddles everywhere around a gigantic steel structure, densely embedded with millions of steel beams. 

Yet it was another busy Sunday for many of the 800 engineers and construction workers, who had turned up for work to “get moving” on schedule for the electric vehicle battery manufacturing plants, under construction in Glendale, about 84.5 kilometers south of Louisville in the U.S. state of Kentucky. 

The 6.28 million-square-meter construction site, unveiled to South Korean media on Jan. 8, is where South Korean battery producer SK On Co. and Ford Motor Co. are building what will be the biggest EV battery plants in the United States for such a facility built on a single site. (………..) The project is part of the US$11.4 billion investment the two companies’ joint venture, BlueOval SK (BOSK), announced in September 2021, to build twin EV battery plants in Kentucky and a third one in Tennessee.

Yonhap

You can read more at the link, but I wonder how much of the rare Earth minerals being used in the battery construction is still coming from China?

Picture of the Day: Divorcing the Ex-President’s Daughter

Divorcing

These file photos show Chey Tae-won (L), the head of South Korea’s third-largest conglomerate SK Group, and his wife Roh Soh-yeong, whom the business tycoon wants to divorce. Chey confessed in a letter released through a local daily on Dec. 29, 2015, that he has been living with another woman and had a daughter with her, now six years old. Chey and Roh had married in 1988, soon after Roh’s father, Roh Tae-woo, took office as president. SK Group-related shares fell on speculation that Chey’s control of the conglomerate may weaken as the couple sort out their financial settlement for the divorce. (Yonhap)