Ford Motor (F) Restarts F-150 Lightning Production - CNBC
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August 3, 2023 9:12 AM EDT
Shares of Ballard Power Systems (NASDAQ: BLDP) are up more than 8% in pre-market trading Thursday morning after the fuel cell company announced a partnership with Ford Motor Company (NYSE: F).
Ballard announced that they have signed a letter of intent (LOI) to provide Ford with a fuel cell system for their trucks, marking a significant step in the development of a hydrogen fuel cell-powered vehicle prototype. The partnership includes an initial purchase order for 2 FCmove-XD 120 kW fuel cell engines that are... More
August 1, 2023 10:52 AM EDT
Ford Motor Company (NYSE: F) announced Tuesday, following a 6-week shutdown, that the Detroit automaker has resumed production of their popular electric Ford F-150 Lightning pickup truck.
Ford previously halted production on the trucks to retool and expand the companys Rouge Electric Vehicle Center and the automaker says that they are now on track to triple production capacity to a targeted annual run rate of 150,000 units by this fall.
Ford said in a release... More
