Georgia EV Battery Maker Lays off 958 Workers in Georgia
South Korean battery maker SK Innovation laid off 958 workers — 37% of its Georgia plant workforce — as EV sales slow nationally. The plant supplied cells for Ford’s now-canceled electric F-150 Lightning and reflects broader struggles in the U.S. EV market. It also supplies Volkswagen AG and Hyundai Motor Co. Elimination of federal EV tax credits and waning consumer demand have squeezed profitability for South Korean battery manufacturers.
