# Who are SK Innovation (SK On)'s customers? Who does SK Innovation (SK On) earn revenue from?
Canonical: https://valuechain.wiki/sk-innovation · Facet: customers · Updated: 2026-09-11T22:25:34.668996+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: SK Innovation (SK On)'s confirmed revenue counterparties include Ford Motor Company, Nissan, Hyundai Motor Group plus 2 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 5 revenue edges, backed by 8 dated sources, 1 of them primary filings (as of 2026-09-11).

### Ford (BlueOval SK) (high)
- metric: Investment $11.4B · 2021~ · JV investment (dissolution agreed Dec 2025)
- note: BlueOval SK, the ~$11.4B 50:50 JV with Ford (est. 2021), began production in 2025. In Dec 2025 the partners agreed to dissolve it: Ford keeps two Kentucky plants, SK On takes the Tennessee plant.
- [confirms] Utility Dive (EN, news, published 2025-12-16) https://www.utilitydive.com/news/ford-skon-dissolving-blueoval-sk-ev-battery-joint-venture/808012/: "SK On is committed to the Tennessee plant long-term"
- [confirms] electrive (EN, news, published 2025-12-12) https://www.electrive.com/2025/12/12/sk-on-and-ford-split-us-battery-venture/: "Ford and SK On split US battery venture amid low EV demand"

### 포드 (high)  → /ford-motor-company.md
- note: SK On has been a key battery supplier for Ford's F-150 Lightning and E-Transit range and intends to continue the strategic supply relationship through SK On Tennessee for future Ford electrified vehicles after the companies ended the BlueOval SK joint venture in May 2026.
- [confirms] Samsung Securities (KO, research, published 2026-06-18) https://www.samsungpop.com/common.do?cmd=down&contentType=application/pdf&fileName=2020/2026061808015886K_02_09.pdf&inlineYn=Y&saveKey=research.pdf: "The model-by-model table identifies SK On as battery supplier for the F-150 Lightning and E-Transit range."
- [confirms] SEC EDGAR (EN, filing, published 2026-02-11) https://www.sec.gov/Archives/edgar/data/37996/000003799626000015/f-20251231.htm: "to supply batteries to Ford and Ford affiliates"

### Nissan (mid)  → /nissan-motor.md
- metric: capacity 99.4 GWh · 2028~2033 · high-nickel battery supply (~KRW 15tn)
- note: In 2025 SK Battery America signed a 99.4 GWh, ~KRW 15tn supply deal with Nissan's US arm (2028–2033, Kentucky); execution risk reported as Nissan delayed EV plans.
- [contradicts] Bloomingbit (EN, news, published 2025-09-01) https://en.bloomingbit.io/feed/news/111314: "Nissan notified ... it would withdraw its EV production plan for the Canton plant"
- [confirms] KED Global (EN, news, published 2025-03-20) https://www.kedglobal.com/batteries/newsView/ked202503200002: "supply Nissan with 99.4 GWh of high-performance, high-nickel batteries from 2028 to 2033"

### 현대차그룹 (mid)  → /hyundai-motor-company.md
- metric: Investment $5B · 2026~ · 50:50 JV, ~300k EVs/yr
- note: Building a ~$5B 50:50 battery-cell JV in Bartow County, Georgia, targeting 2026 production for Hyundai/Kia/Genesis EVs.
- [confirms] Manufacturing Dive (EN, news, published 2024-05-29) https://www.manufacturingdive.com/news/Hyundai-SK-On-plan-5B-Georgia-EV-battery-joint-venture/648576/: "each take a 50% stake ... to supply the automaker US production facilities"

### Volkswagen Group (mid)
- note: Supplies cells from Hungary to VW (ID.7) and Audi (Q4 e-tron); SK On-fitted European EV sales rose in 2025.
- [confirms] Argus Media (EN, news, published 2025-08-01) https://www.argusmedia.com/en/news-and-insights/latest-market-news/2716035-sk-innovation-s-battery-unit-posts-higher-2q-revenue: "led by Volkswagen ID.7 and Audi Q4 e-tron"

Reverse side: https://valuechain.wiki/sk-innovation/suppliers.md · Ripple: https://valuechain.wiki/sk-innovation/ripple.md

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Full node: https://valuechain.wiki/sk-innovation.md · JSON: https://valuechain.wiki/sk-innovation.json