Ford's next-generation "true-to-truck," T3 EV pickup": link at Yahoo!Finance.
- to be built at Ford's BlueOval City plant in Tennessee
- will begin production in 2025
- no additional details regarding the truck itself except to note its battery source
- will invest $5.6 billion to develop the BlueOval City complex
- part of the reason Ford projects a $3 billion adjusted EBIT loss for 2023
- battery: newcomer EV battery manufacturer SK On; link here.
SK On:
A former division of billionaire Chey Tae-won’s SK conglomerate, Seoul-based electric vehicle battery manufacturer SK On has huge ambitions.
Its co-CEO Jee Dong-seob explains how it will become the world’s largest supplier of EV batteries by 2030.SK On is currently the fifth-largest supplier of EV batteries in the world at a capacity of 13.2 gigawatt hours (or gwh, the standard measure for EV battery output).
The company’s annual battery sales hit $2.3 billion in 2021, up from $1.2 billion a year earlier and $530 million in 2019, when the company ranked as the ninth-largest battery maker. “What really stands out is that we are the world’s fastest-growing battery maker,” says Jee.
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