Private company

BlueOval SK

2021–2026 Ford–SK On joint venture

BlueOval SK, LLC (BOSK) was an electric vehicle battery joint venture between Ford Motor Company of the United States and SK On of South Korea from 2021 to 2026. The batteries were for use in Ford and Lincoln vehicles.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

BlueOval SK KY1 Oct 2025
Photo: Ash.tahno, CC BY-SA 4.0, via Wikimedia Commons3

BlueOval SK, LLC (BOSK) was an electric vehicle battery joint venture between Ford Motor Company of the United States and SK On of South Korea from 2021 to 2026. The batteries were for use in Ford and Lincoln vehicles.2

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$45.3B 2024–2026
Money received by yearMoney received by year, 2024–2026: $45.3B in all. Federal loans $45.3B.$0$10B$20B$30B2024 · Federal loans: $27.6B202420252026 · Federal loans: $17.7B2026
Figures by year
YearFederal loansTotal
2026$17.7B$17.7B
2024$27.6B$27.6B

Federal awards

Obligated amounts from USAspending.gov4, by calendar year, since 2008, for its registration. Obligations are what agencies committed, not always what was paid out. Contracts pay for goods and services; grants, loans and direct payments are assistance. Loans are charted at the face value of the loans listed here. An award’s amount below is its lifetime total, and some began before the years charted.

Largest federal loans

  1. Dec 13, 2024$27.6B from Department of Energy: Federal Loan Guarantees For Innovative Energy Technologies5 To BLUEOVAL SK, LLC Award DELP0000146
  2. Apr 10, 2026$17.7B from Department of Energy: Federal Loan Guarantees For Innovative Energy Technologies6 To BLUEOVAL SK, LLC Award DELP0000181

Sources

The numbers on this page point here. Each one links to the record it came from.

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