Ford Motor Company, SK
US finalizes $9.63 billion loan for Ford, SK On joint battery venture
The U.S. Energy Department on Monday said it has finalized a $9.63 billion loan to a joint venture of Ford Motor and South Korean battery maker SK On to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky.
Energy Department finalizes $9.63B loan for Ford, SK battery plants
The U.S. Energy Department on Monday said it had finalized a direct loan of up to $9.63 billion to the joint venture of Ford Motor Co. and Korean battery partner SK On Ltd. for the construction of three electric vehicle battery plants in Tennessee and Kentucky.
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