🟢 F is trading 4.2% up today after taking full ownership of Kentucky EV battery plants

F is trading 4.2% up now at $13.78 after finalizing its exit from the BlueOval SK joint venture and assuming a $3.805 billion DOE loan for two Kentucky EV battery plants.

• The move gives Ford full ownership and strategic control of these key U.S. battery assets, streamlining its domestic EV production strategy.
• The $3.805 billion Department of Energy loan will support the development of the two facilities, strengthening Ford's domestic supply chain.
• Investors are responding positively to the consolidation of these critical assets even as the broader market remains relatively flat.