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Ford and SK to build $5bn EV battery plant for US supply chain

New bilateral alliance on electric cars born ahead of Biden-Moon summit

A Ford Mustang Mach-E electric vehicle at a launch event in Shanghai on April 13.   © Reuters
SHUJI NAKAYAMA and KOTARO HOSOKAWA, Nikkei staff writers | North America

NEW YORK/SEOUL -- Ford Motor will form a joint venture with South Korea's SK Innovation to manufacture batteries for electric vehicles in the U.S., the companies said Thursday.

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