US automakers, battery suppliers rationalize excess battery capacity, pivot to energy storage systems
Repurposing existing battery production lines is aimed at navigating fluctuations in the EV market, cutting costs and addressing the emerging demand for BESS modules
In December 2025, Ford Motor Co. and SK On announced plans to end their $11.4 billion battery joint venture — BlueOval SK — as part of their broader business overhaul amid a slowdown in demand for battery-electric vehicles (BEVs) and the end of government subsidies under the Inflation Reduction Act (IRA).
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