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SK Innovation Says Ford Battery Breakup Cost It $2.6 Billion
Market Intelligence Analysis
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Why This Matters
SK Innovation reported a $2.6 billion asset loss due to the termination of its battery joint venture with Ford, indicating a significant financial impact from the pullback in global electric vehicle ambitions.
Market Impact
Market impact analysis based on bearish sentiment with 90% confidence.
Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
SK Innovation Co. said the termination of a battery joint venture with Ford Motor Co. in the US resulted in a 3.7 trillion won ($2.6 billion) asset loss, as the cost of a pullback in global electric vehicle ambitions ripples through the supply chain.
Original article published by
Bloomberg
on January 28, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.