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BlueOval SK, LLC logo — #EV Battery #EV #Electrification #ESG

BlueOval SK, LLC

#EV Battery #EV #Electrification #ESG

Founded 2022 United States Stanton, United States 439 employees Debt Financing Total: $9.20B Manufacturing, Energy Storage +1

General Information

Company Name BlueOval SK, LLC
Founded Year 2022
Location United States Stanton, United States
Employees 439
Industries Manufacturing, Energy Storage, Automotive
Funding Stage Debt Financing
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About BlueOval SK, LLC

BlueOval SK is a historic investment between two global companies, Ford Motor Company and SK On, who share the ambitious vision of electrifying the future of mobility. Together, they invested a total of $11.4 billion dollars to form a Joint Venture company called BlueOval SK. By utilizing SK On’s battery technology, the company aspires to make the world’s most safe and dependable electric vehicle (EV) batteries for the Ford and Lincoln brands. The partnership is building three EV battery plants. One plant is located in Stanton, Tennessee at BlueOval City, and twin plants will stand in Glendale, Kentucky at BlueOval SK Battery Park. Each facility is the size of 60 football fields. BlueOval SK will create over 7,500 new American jobs to operate its three new plants. This manufacturing venture, established in 2022, has received its most recent $9.20 billion debt financing investment from the US Department of Energy on 22 June 2023. With a focus on EV and electrification, the company positions itself as a key player in the transition towards sustainable mobility.

Taxonomy: EV battery, Electrification, Automotive manufacturing, Joint Venture, Battery technology, Sustainable mobility, Investment, Manufacturing ecosystem, ESG, Ford Motor Company, SK On, Electric vehicle, Battery plants, Job creation, Automotive innovation

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing $9.20B 1
US Department of Energy
22 Jun 2023

BlueOval SK, LLC Alternatives & Competitors

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BlueOval SK, LLC vs
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FAQ About BlueOval SK, LLC

#EV Battery #EV #Electrification #ESG
BlueOval SK, LLC was founded in 2022.
BlueOval SK, LLC is headquartered in Stanton, United States.
BlueOval SK, LLC operates in Manufacturing, Energy Storage and Automotive. Its work centres on EV battery, Electrification, Automotive manufacturing and Joint Venture.
BlueOval SK, LLC has approximately 439 employees.
BlueOval SK, LLC has completed 1 funding round, raising a total of $9.20B. The latest funding stage is Debt Financing.
Top alternatives and competitors to BlueOval SK, LLC include SEAT S.A., Arcimoto, Echion Technologies, 裕隆汽車 Yulon Motor, REEV Electric. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
BlueOval SK, LLC and SEAT S.A. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for BlueOval SK, LLC, https://bouncewatch.com/company/blueoval-sk, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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