Ford (F) confirmed its plan to invest $3.5B to build a lithium iron phosphate (LFP) battery plant with the aid of Chinese battery giant CATL in a call with reporters on Monday.

Ford announces $11.4 billion partnership to invest in new EV plant and battery production Prev Next Ford is announcing plans to invest $11.4 billion to build facilities to produce electric ...

Ford will no longer invest the full $3.5 billion for a new Michigan battery plant as the company faces rising labor costs and slowing electric vehicle demand. by Umar Shakir Nov 22, 2023, 7:01 PM UTC ...

Ford already has an extensive partnership with Korea’s SK Innovation for battery factories in the US to support its electric vehicle plans. However, a new partnership with CATL would enable Ford ...

Two leading House Republicans sent a letter Thursday to Ford CEO James Farley announcing they are investigating the partnership between the U.S. automaker and China-based battery-maker ...

Due to a revision in the U.S. tax bill, Ford Motor Co. will be able to resume development of its Michigan battery plant, ...

After fears of losing tax credits vital to the project, the Dearborn automaker saves tens of millions of dollars through a ...

Workers at the under-construction plant are committed to having a free and fair union vote despite recent stalls in the ...

Along with the partnership, Ford also invested $50 million in Redwood, ... The two companies are also discussing Redwood supplying Ford with battery materials from its planned new factory: ...

The chairs of three U.S. House of Representatives committees demanded Ford Motor F.N turn over documents tied to its partnership with Chinese battery company CATL 300750.SZ and threatened to call ...

Ford will build a new Lithium Iron Phosphate (LFP) battery plant in Marshall, Michigan. The multi-billion-dollar EV battery plant originally slated for construction in the Commonwealth of Virginia ...