BlueOval SK

Last updated

BlueOval SK, LLC
Company type Joint venture
IndustryElectric vehicle batteries
Founded2021
Defunct2026
FateDissolved
Key people
  • Jiem Cranney (CEO)
  • Robert Lee (CFO)
  • Michael Adams (CPO)
  • Sangkyu Han (CTO)
Owner
[1]
Number of employees
~2000 (2025) [2] [3]
Website www.blueovalsk.com

BlueOval SK, LLC (BOSK) was an electric vehicle battery joint venture between Ford Motor Company of the United States and SK On of South Korea from 2021 to 2026. [4] [5] [6] The batteries were for use in Ford and Lincoln vehicles. [7] [8] Three battery plants were planned, two in Kentucky and one in Tennessee. [9] [10] Both Governors Andy Beshear and Bill Lee stated that it was the "single largest investment" in their state's history. [11] [12]

Contents

BlueOval SK Battery Park in Glendale, Kentucky on October 22, 2025 BlueOval SK KY1 Oct 2025.jpg
BlueOval SK Battery Park in Glendale, Kentucky on October 22, 2025

History

2021 to 2022

In May 2021, the two companies announced an MoU for the joint venture, with the goal of producing approximately 60 GWh per year by the middle of the decade, along with 11,000 jobs. [7] In September, a Kentucky bill designated $350 million in forgivable loans, $250 million of which would be given to BOSK. [13] That month, sites were announced for Stanton, Tennessee and Glendale, Kentucky. [9] The announcement gained the support of Republican officials from the two states who were noted for opposing efforts like the Green New Deal. [14] Groundbreaking began on both sites in 2022. [15] [16]

BlueOval SK Battery Park in Glendale, Kentucky under construction on December 18, 2022 BlueOval SK Battery Park December 2022.jpg
BlueOval SK Battery Park in Glendale, Kentucky under construction on December 18, 2022

2023 to 2024

In March 2023, United States Secretary of Transportation Pete Buttigieg visited the Kentucky site, speaking on the effects of the Inflation Reduction Act on increased domestic production. [17] In June, the United States Department of Energy announced a loan of $9.2 billion for the JV. [18] In October, Ford announced a slowdown of investments, including BOSK, to match declining EV demand. The second Glendale plant was delayed. [19] In December 2024, the DOE finalized the direct loan at $9.63 billion. [20]

2025 to 2026

In January 2025, the United Auto Workers petitioned the National Labor Relations Board for a union election at the Kentucky site. It stated that the majority of employees were supportive of a union. [21] The results of the vote, in August, were contested by BOSK on the grounds of ineligible ballots. [22] Production at the Kentucky plant started the week before the vote. [23] In October, Governor Lee visited Seoul to meet with SK On's CEO. [24] In December, Ford announced a halt to its plans for larger electric vehicles due to regulatory, demand, and cost issues. It entered a JV disposition agreement with SK On and SK Battery America, dividing ownership of the plants. A Ford subsidiary would exclusively operate the Kentucky battery plants, while SK On would take Tennessee's. The Tennessee Electric Vehicle Center in BlueOval City was renamed to the "Tennessee Truck Plant." The focus of Ford's battery production shifted to battery energy storage systems for data centers and the electric grid. [25] The Kentucky plant's work force would be laid off by February of 2026, with the plan to rehire 2,100 employees in 2027 after retooling. [26] In January 2026, the NLRB greenlit the progress of the union's certification. BOSK planned to file an appeal, with future unionization status of the plant's rehired workers in the air. [27] [28] In February, it was reported that Ford would not operate the second building in Kentucky and would look for other manufacturers that might be interested in it. [13]

BlueOval City in Stanton, Tennessee BlueOval City.jpg
BlueOval City in Stanton, Tennessee

Sites

BlueOval City was constructed on the Memphis Regional Megasite, which had failed to attract a tenant for years due to wastewater treatment issues. [29] The Battery Park was constructed on a site purchased by the Kentucky state in 2002 to attract Hyundai to build a car plant. [13] [30]

NameLocationInvestment (USD)Products
BlueOval SK Battery ParkKentucky5.8 billionbatteries, Ford F-150 Lightning
BlueOval CityTennessee5.6 billionbatteries

See also

References

  1. "f-20241213". www.sec.gov. Retrieved January 16, 2026.
  2. "BlueOval SK seeks end to union ahead of closure". whas11.com. January 13, 2026. Retrieved January 16, 2026.
  3. "BlueOvalSK moves first workers into TN plant, could start battery production this year". WREG.com. March 28, 2025. Archived from the original on July 30, 2025. Retrieved January 16, 2026.
  4. "SK On Establishes Joint Venture with Ford Motor Company to Manufacture Electric Vehicle Batteries". SK. Retrieved January 16, 2026.
  5. "Ford Follows Customers to Drive Profitable Growth; Reinvests in Trucks, Hybrids, Affordable EVs, Battery Storage; Takes EV-Related Charges". Ford From the Road. Retrieved January 16, 2026.
  6. "SK On, Ford agree to dissolve $11B battery joint venture across 3 U.S. factories". koreajoongangdaily.joins.com. December 11, 2025. Retrieved January 16, 2026.
  7. 1 2 "Ford commits to manufacturing batteries, to form new Joint Venture with SK innovation to scale North America battery deliveries". Ford Corporate. June 4, 2021. Retrieved January 16, 2026.
  8. "BlueOval City FAQs". Ford Corporate. Retrieved January 16, 2026.
  9. 1 2 "Ford to Lead America's Shift to Electric Vehicles with New Mega Campus in Tennessee and Twin Battery Plants in Kentucky; $11.4B Investment to Create 11,000 Jobs and Power New Lineup of Advanced EVs". Ford From the Road. Retrieved January 16, 2026.
  10. "BlueOvalSK moves first workers into TN plant, could start battery production this year". WREG.com. March 28, 2025. Archived from the original on July 30, 2025. Retrieved January 16, 2026.
  11. "Gov. Beshear: Kentucky's BlueOval SK EV Battery Plants Begin Production,Marking Milestone 4 Years in the Making". www.kentucky.gov. Retrieved January 21, 2026.
  12. "Gov. Lee, Ford Celebrate Historic BlueOval City in West TN". www.tn.gov. Archived from the original on September 9, 2025. Retrieved January 21, 2026.
  13. 1 2 3 Sonka, Joe (February 4, 2026). "Kentucky lawmakers seek answers on $250M loan after Ford EV battery plant closure". Louisville Public Media. Retrieved February 6, 2026.
  14. "Opinion | Why Are Republicans Now Loving the Sweet Sound of Electric Vehicles? (Published 2021)". November 8, 2021. Archived from the original on June 3, 2025. Retrieved January 16, 2026.
  15. "Tennessee Electric Vehicle Center". SSOE Group. Retrieved January 16, 2026.
  16. "BlueOval SK Breaks Ground on EV Battery Mega Campus". SK. December 5, 2022. Retrieved January 16, 2026.
  17. Vanderhoff, Mark (March 4, 2023). "U.S. Secretary of Transportation Buttigieg visits Ford battery plant in Hardin County". WLKY. Retrieved January 16, 2026.
  18. "Ford's Battery Joint Venture to Get $9.2 Billion Government Loan (Published 2023)". June 22, 2023. Archived from the original on January 8, 2026. Retrieved January 16, 2026.
  19. "Ford delays production at second Kentucky battery plant; County officials won't change project timelines". whas11.com. October 27, 2023. Retrieved January 16, 2026.
  20. "DOE Announces $9.63 Billion Loan to BlueOval SK to Further Expand US Manufacturing of Electric Vehicle Batteries". Energy.gov. December 16, 2024. Retrieved January 16, 2026.
  21. "U.A.W. Seeks Union Election at Ford Battery Joint Venture in Kentucky". January 8, 2025. Archived from the original on September 30, 2025. Retrieved January 16, 2026.
  22. "Union Leads in Vote at Ford Battery Venture". August 28, 2025. Archived from the original on October 10, 2025. Retrieved January 16, 2026.
  23. Autry, Lisa (August 19, 2025). "One week ahead of union vote, first EV battery comes off the assembly line at BlueOval SK in Glendale, Ky". WKU Public Radio | The Public Radio Service of Western Kentucky University. Retrieved January 20, 2026.
  24. "Tennessee governor, SK On CEO discuss battery cooperation - 매일경제 영문뉴스 펄스(Pulse)". Pulse (in Korean). Retrieved January 21, 2026.
  25. "Ford Follows Customers to Drive Profitable Growth; Reinvests in Trucks, Hybrids, Affordable EVs, Battery Storage; Takes EV-Related Charges". Ford From the Road. Retrieved January 20, 2026.
  26. James, Josh (December 19, 2025). "BlueOval layoffs present a challenge for workers, state supporters". WUKY. Retrieved January 20, 2026.
  27. "BlueOval SK seeks end to union ahead of closure". whas11.com. January 13, 2026. Retrieved January 20, 2026.
  28. Autry, Lisa (December 23, 2025). "'Now they're left in the rain': BlueOval workers face Feb.14 closing date". WKU Public Radio | The Public Radio Service of Western Kentucky University. Retrieved January 20, 2026.
  29. Sisk, Chas (November 14, 2017). "Conceding 'Megasite' Still Isn't Ready, Tennessee Officials Say They're Going To Ask For Help". WPLN News. Retrieved February 6, 2026.
  30. Barton, Ryland (September 9, 2021). "Lawmakers Advance Bill To Attract Companies With Rainy Day Savings". Louisville Public Media. Retrieved February 6, 2026.