SK On's sales dropped 51% to 6.27 trillion won ($4.33 billion) last year, while its operating loss widened to 1.13 trillion won. This marked the first year-on-year drop in sales since parent company ...

Jim Farley was also critical of large EVs in general, saying they have "unresolvable" problems due to weight and high battery costs.

"For larger retail, electric utilities, the economics are unresolvable," Farley said in the earnings call, according to ...