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Rocco, a tattooist based in Korea, who works all o...
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New York (AFP) - A Ford joint venture to build three new electric vehicle battery plants is set to receive up to $9.2 billion in US federal loans under a program backed by President Joe Biden, officials announced Thursday. The US Department of Energy announced a "conditional commitment for a loan" to BlueOval SK, a joint venture between Ford Motor and SK On, a South Korean battery manufacturer, to build the new plants in the southern US states of Tennessee and Kentucky. Biden has supported heavy public investment in such initiatives to address climate change and bolster US manufacturing. The l...
AFP
Washington (AFP) - North Korea, believed poised to test a new nuclear weapon, has ignored multiple US overtures for discussions as well as offers to help in its Covid-19 outbreak, a US diplomat said Tuesday. Speaking after Pyongyang test-launched eight ballistic missiles in a single day Sunday, Sung Kim, the US Special Representative to North Korea, said the country has not responded to months of public and private communications seeking to engage over tensions. President Joe Biden and Secretary of State Antony Blinken have repeatedly said publicly that Washington seeks diplomatic talks with t...
AFP
New York (AFP) - US auto giant Ford and South Korea's SK Innovation plan to team up to produce battery cells and array modules for electric autos, the companies announced Thursday. The companies signed a memorandum of understanding to establish BlueOvalSK, a joint venture that will initially plan production of 60 gigawatt hours annually of capacity at mid-decade, with potential to expand further. The move is the latest by Ford to accelerate its ramp-up in electric vehicles as governments, including the Biden administration, enact policies to mitigate climate change and minimize auto-related em...
AFP
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