Ford (F) signs battery supply deals ahead of EV ramp

Compass Minerals Signs Binding Multiyear Agreement to Supply Ford Motor Company with Battery-Grade Lithium Carbonate

OVERLAND PARK, Kan.--(BUSINESS WIRE)-- Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the signing of a binding, multiyear supply agreement to provide Ford Motor Company (Ford; NYSE: F), a global auto manufacturer, with battery-grade lithium carbonate from its Ogden, Utah, lithium brine development project.

We are excited to formalize a long-term relationship with Ford, one of the most trusted and iconic brands in the automotive industry and a leader in the transition to vehicle electrification, said Kevin S. Crutchfield,... More

EnergySource Minerals (ESM) Announces Contract With Ford for Geothermal Lithium

ESM will supply Ford with sustainable, American-sourced lithium for use in future EVs

SAN DIEGO, May 22, 2023 /PRNewswire/ -- EnergySource Minerals (ESM) announces a binding lithium supply contract with Ford Motor Company. ESM is an emerging leader in the domestic production of sustainably produced lithium, a critical component used to manufacture cathodes in electric vehicle (EV)... More

Ford and Nemaska Lithium enter long-term lithium hydroxide supply agreement

Ford to become Nemaska Lithium's first customer and will use lithium hydroxide produced at the Bécancour facility for manufacturing its electric vehicle batteries.Both companies share a commitment to the development of a sustainable and socially responsible North American battery supply chain.

MONTRÉAL, May 22, 2023 /PRNewswire/ -... More

Company Says Ford+ is Maximizing Value for Customers, Improving Business Resilience, Efficiency, Growth, Margins

Capital markets event today will feature updates from company leaders on Fords ambitious strategy, including KPIs and financial targets for three global business segments Reports to include financial bridges to a company adjusted EBIT margin of 10% in 2026, and to similarly timed EBIT margin targets for Ford Blue, Ford Model e and Ford Pro Company will announce new battery raw-material definitive agreements, strengthening Fords sourcing to produce two million EVs by the end of 2026 and beyond For full-year 2023, company maintains guidance of $9 billion to $11 billion in adjusted EBIT and about $6 billion in... More