SK On and Ford Motor Company are ending their partnership to operate a West Tennessee electric vehicle battery plant.(Photo: Cassandra Stephenson/Tennessee Lookout)

South Korean battery manufacturer SK On will take full ownership of the battery plant at BlueOval City in Stanton after the company and Ford Motor Company announced plans to end their joint U.S. battery factory venture Thursday.

Ford and SK On formed BlueOval SK in 2021 to build three battery plants: two in Kentucky and one at Ford’s 6-square-mile manufacturing site in rural West Tennessee. The plants represent a combined $11.4 billion investment.

Under the mutual restructuring agreement announced Thursday, a Ford subsidiary will take full ownership of the Kentucky battery plants, and SK On will own and operate the battery p

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