South Korea's SK On to start production at Tennessee battery plant in 2028

SK Innovation

28/01/2026 01:47

SEOUL, Jan 28 (Reuters) - SK Innovation's 096770.KS battery unit SK On plans to begin battery production at its Tennessee plant in 2028, the company said during a post-earnings conference call on Wednesday.

In December, SK On said on Thursday that it had decided to end its joint venture with Ford Motor F.N for their joint battery factories in the U.S. as part of a business overhaul to focus on growth areas like energy storage systems.

Under the arrangement, Ford will take full ownership of the battery plants in Kentucky, while SK On will assume full ownership and operate the Tennessee plant.

 (Reporting by Heekyong Yang and Hyunjoo Jin; Editing by Tom Hogue)

 ((Heekyong.Yang@thomsonreuters.com;))