Ford Stock Edges Higher On Extended Volkswagen EV Pact, SK Battery Output Deal

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The Street

By Martin Baccardax Ford added to its plans to double EV output by 2026 with a deeper production pact with Volkswagen and a new battery-making deal with South Korea’s SK On. Ford Motor Co. (F) – Get Ford Motor Company Report shares edged higher Monday after the carmaker agreed a memorandum of understanding with South Korea’s SK On and Turkey’s Koc Holding to develop an electric vehicle batter plant in southeastern Europe. Ford also extended its EV production partnership with Volkswagen, with plans to double the number of cars made on the German group’s modular electric-drive platform (MEB) to …

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