Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
SK On Co., a South Korean battery firm, has inked an initial agreement with US automobile company Ford Motor Company and Turkish conglomerate Koc Holding A.S. to establish an electric vehicle (EV) battery manufacturing facility in Turkey.
SK On announced the formation of a joint venture with the two firms to construct a high-nickel lithium-ion battery plant in Ankara, Turkey.
The JV is targetting an annual production capacity of 30-45 gigawatt-hours (GWh) from 2025.
The deal marks SK On continuous expansion in the European market with its American counterpart by forming a collaboration with a third party in Europe.
Koc Holding is a long-standing collaborator for Ford, with a domestic production facility that can produce 455,000 automobiles every year.
SK has partnered with Ford in building three EV battery plants in Tennessee and Kentucky through their joint venture BlueOval SK in a deal worth 10.2 trillion won.
Koc Holding, a long-time partner of Ford, has a domestic production line capable of manufacturing 455,000 vehicles a year.
SK On has partnered up with Ford to build three EV battery plants in the US states of Tennessee and Kentucky through their joint venture BlueOval SK in a deal worth 10.2 trillion won.
The deal makes SK a major Form supplier of Ford by helping it secure about 70 percent of EV batteries it needs from SK On.
SK On operates a domestic plant in South Korea’s central region of Seosan, and overseas factories in Georgia, the US, the Chinese city of Changzhou, and the Hungarian city of Komarom.
By 2025, the firm aims to have opened two more factories in China and Hungary.
SK On aims to grow into a global battery producer with its total production reaching 500 GWh by 2030.
