Ford and SK Innovation sign MoU for a joint venture to produce batteries

  • Ford (F) and SK Innovation have signed an MoU to create a joint venture 'BlueOvalSK' to produce approximately 60 GWh annually in traction battery cells and array modules, starting mid-decade, with potential to expand.
  • Next-gen cells and arrays will be used to power several future Ford battery electric vehicles.
  • 'Through the JV, Ford and SKI will jointly develop and industrialize battery cells at a scale that are tailored to deliver optimum performance and value for our Ford and Lincoln customers," said Lisa Drake, Ford's North America chief operating officer. 'SKI is an important partner in helping deliver batteries with better range and value for our fully electric vehicles by mid-decade."
  • Ford expects annual energy demand for its vehicles will be as much as 140 GWh annually in North America and as much as 240 GWh globally by 2030.

    Over the current book year the total revenue from the company in Dearborn will be 128.79 billion USD (consensus estimates). This is slightly more than 2020's revenue of 127.14 billion USD.

    Historical revenues and results Ford Motor plus estimates 2020

    financiële analyse

    The analysts expect for 2021 a net profit of 3.96 billion USD. For this year the consensus of the result per share is a profit of 98 cent. So the price/earnings-ratio equals 13.33.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the automobile producers is a relatively high 2.75 percent.

    Ford Motor's market value equals around 52.38 billion . The Ford Motor stock was the past 12 months quite volatile. Since last May the stock is even 131 percent higher. This year the stock price moved between 6 and 14 dollar.

    Historical stock prices Ford Motor

    stock fordmotor

    On Monday the stock closed at 13.06 USD.

    Analist.nl Nieuwsdienst: +31 084-0032-842
    nieuws@analist.nl

    Copyright analist.nl B.V.
    All rights reserved. Any redistribution, duplication or archiving prohibited. Analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.