Ford-SK On Venture Seeks Buyers for Excess EV Battery Supply (1)

Ford Motor Co. and South Korea’s SK On are seeking buyers for excess battery supply produced at their new joint-venture Kentucky factory, underscoring the waning demand for electric vehicles in the US.

The plant, which officially began production Tuesday, was originally intended to support Ford’s own EV business. While the facility will still supply the automaker’s F-150 Lightning plug-in pickup initially, the duo has broadened its strategy to sign up additional customers in order to better utilize the production capacity in the current market.

New clients could include firms in the energy storage business in addition to EV makers, according ...