Ford Motor Co. incurred billions in charges after ending SK battery venture
Ford Motor Co. and SK On dismantled their joint BlueOval City battery-manufacturing venture in December. (Courtesy Walbridge)
Though currently pivoting away from electric vehicles, Ford has lost more than $16 billion on its EV business since 2022.
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Ford Motor Co. SK On BlueOval City BlueOval SKSophia Surrett
Sophia Surrett is a University of Alabama graduate, where she received her B.A. in news media and M.A. in journalism and media studies. She has been with The Daily Memphian since July 2023, first starting as a business reporter covering various beats. Now, she covers food, restaurants, and hospitality and tourism.
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