Ford (F) joins $4.5B EV battery plant project

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PT Vale Indonesia and Huayou Sign Nickel Agreement with Ford Motor Co. Supporting Growth of the Global Sustainable EV Industry

March 30, 2023 5:00 AM EDT

JAKARTA, Indonesia--(BUSINESS WIRE)-- PT Vale Indonesia Tbk and Chinas Zhejiang Huayou Cobalt Co. today announced an agreement with global automaker Ford Motor Co., creating a three-party collaboration to advance more sustainable nickel production in Indonesia and help make electric vehicle batteries more affordable.

All three companies are making equity investments in the Pomalaa Block High-Pressure Acid Leaching (HPAL) Project through a definitive agreement celebrated today at a ceremony featuring Indonesia President Joko Widodo.

The Pomalaa Block HPAL Project will process ore provided by PT Vale Indonesia from its Pomalaa Block mine to produce MHP.... More

Jim Baumbick to Discuss Acceleration of Delivering Ford+ Plan at Bank of America’s 2023 Automotive Summit

March 29, 2023 8:00 AM EDT

DEARBORN, Mich.--(BUSINESS WIRE)-- Ford Vice President of Product Development Operations & Quality, Jim Baumbick, will participate in a fireside chat and discuss delivering the Ford+ plan at Bank of Americas 2023 Automotive Summit with auto analyst John Murphy. The conference will take place on Wednesday, April 5, at 12:10 p.m. ET.

Baumbick will explain how Ford is focused on significant opportunities to expand capabilities and generate returns from software-enabled gas-powered, hybrid and electric vehicles.

To accelerate this transformation, Ford has created three distinct, customer-focused business segments: Ford Blue for iconic internal-combustion and hybrid vehicles, Ford Model e... More