Ford (F) underweight at Wells Fargo following lightning production halt
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Ford Taps Michigan for New LFP Battery Plant; New Battery Chemistry Offers Customers Value, Durability, Fast Charging, Creates 2,500 More New American Jobs
February 13, 2023 1:45 PM ESTFord is the first automaker to commit to build both nickel cobalt manganese (NCM) and lithium iron phosphate (LFP) batteries in the U.S., helping Americas No. 2 EV company in 2022 bring EVs to more customers and diversify its U.S. supply chain Ford is investing $3.5 billion to build an LFP battery plant in Marshall, Michigan; this wholly owned subsidiary is part of Fords $50 billion+ global push to lead the EV revolution. Initial production slated for 2026 with 2,500 employees to start Adding LFP batteries to Fords EV lineup this year starting with... More
