ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

In Ford battery deal, SK aims to make up ground in U.S. market

South Korean company aims to catch up with rival LG in $11.4bn investment tie-up

A battery pack for a 2020 Ford Explorer Hybrid. The U.S. automaker is looking build electric-powered pickup trucks.   © Reuters

SEOUL/TOKYO -- SK Group and Ford Motor will build new battery factories in the U.S., the companies announced Tuesday, as the South Korean conglomerate seeks to make up ground with compatriot and competitor LG Chem and its partner General Motors in a crucial market.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more