Ford Motor Company has officially launched its energy storage subsidiary, which the US automaker first announced late last year.

Shifting dynamics in the US’ BESS industry could mean that Chinese batteries are not even needed within the foreseeable future, a local consultant told Energy-Storage.news.

South Korean company SK On has entered the US BESS market with LFP batteries, securing a supply contract with Flatiron Energy Development.

Three companies, Ultion Technologies, Ultium Cells and SK On have recently announced plans to begin manufacturing lithium iron phosphate (LFP) battery cells in the US.