SK Battery America Inc. lays off 958 workers at Georgia plant
AP News • • business
Key Points:
- SK Battery America Inc. laid off 958 workers, about 37% of its workforce, at its Georgia battery plant due to shifting automaker electrification plans and uncertain EV demand, with layoffs effective May 6.
- The $2.6 billion plant, opened in 2022, notably supplied batteries for Ford's F-150 Lightning, but Ford canceled the fully electric version in December, impacting SK's operations and joint ventures.
- The U.S. EV market faces challenges amid reduced federal support under the Trump administration, which favored oil and gas industries and rolled back EV incentives and emissions regulations.
- Despite layoffs, SK remains committed to Georgia and is seeking new customers, including in battery energy storage systems; the state continues to attract major
