"SK opened the $2.6 billion battery plant in Commerce, Georgia, in January 2022. It notably supplied the Ford F-150 Lightning electric pickup truck. Ford announced plans to cancel the fully electric version of the truck in December."
"The news comes as the U.S. electric vehicle market is at a standstill amid the Trump administration steering federal support away from electrification in favor of more lax automotive emissions policies and a broader agenda supporting the oil and gas industries."
"SK and Ford had together previously invested $11.4 billion in joint battery plants in the U.S. The battery maker ended the joint venture in December."
SK Battery America Inc. terminated nearly 1,000 employees at its Commerce, Georgia manufacturing facility, marking the end of operations at the $2.6 billion plant opened in January 2022. The layoff follows Ford's December decision to cancel the fully electric F-150 Lightning pickup truck, which the plant supplied. The closure reflects broader challenges in the U.S. EV market, including uncertain consumer demand and the Trump administration's shift away from federal electrification support toward fossil fuel industries. SK and Ford had jointly invested $11.4 billion in U.S. battery plants before ending their venture in December. The plant's closure represents a significant setback for Georgia's EV manufacturing footprint.
#ev-market-downturn #battery-manufacturing #automotive-industry #job-layoffs #electric-vehicle-supply-chain
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