SK On's joint venture with Ford is canceled again

Ford and SK On have canceled their plans to build a battery plant for electric vehicles near Ankara, Turkey. This is another change after the cancellation of the joint venture with LG Energy Solution in November last year. SK On is a subsidiary of South Korea's SK Innovation, with production bases in many places around the world, and its customers include Ford, Hyundai, Polestar, Mercedes-Benz, etc.