Ford battery plant is back on track but scaled down

1 min read

Ford has restarted work on an electric vehicle battery plant in Michigan, but the plant will be smaller than was originally planned.

Ford paused work at the site in late September during the United Auto Workers strike, saying at the time that the company needed to reevaluate the scope of the project. The automaker had originally planned to employ as many as 2,500 workers at the factory when the plant opened for production in 2026.

Now Ford plans to employ only about 1,700 people, the automaker announced Tuesday.

“[W}e are right-sizing as we balance investment, growth, and profitability,” Ford said in an announcement.

Last month, Ford had laid off some workers building the F-150 Lightning electric pickup truck. Competitor General Motors also said it was postponing adding more production capacity for its electric Chevrolet Silverado EV citing slow-growing demand.

By producing batteries in the United States, the plant should help Ford to take advantage of EV tax credits tied, in part, to domestic battery manufacturing.

Plans called for the plant to operate as a wholly owned subsidiary of Ford Motor Co. but build batteries using “knowledge” and services from the Chinese company Contemporary Amperex Technology Co., or CATL. CATL is the world’s largest battery manufacturer and also supplies batteries to Tesla.

Ford is also building two battery plants in Kentucky and Tennessee. The automaker is building those plants with SK Innovations, a company based in South Korea. Ford has said it plans to be able to produce two million electric vehicles globally by late 2026.

Read the full article here

Leave a Reply

Your email address will not be published.

Previous Story

PropertyGuru Group Limited (PGRU) Q3 2023 Earnings Call Transcript

Next Story

Here’s where Jim Cramer stands on Amazon amid speculation about big Bezos stock sales

Latest from Business

Walgreens is closing 1,200 stores

Walgreens is closing approximately 1,200 locations as the drug store chain struggles to contend with online competitors and declining prescription drug payments. By 2027,
مشاهير العرب سكس arabpornsamples.com زبر نايم
قصص ن realarabporn.com انجلا وايت
little pussy analpornstars.info chut land ki film
old movies telugu fuckmetube.mobi sapna rathi sex
pandaniku youhentai.org cbt hentai
xx com indian indianpornfeed.com bf vs gf
bf sex sex sex hqtube.mobi husband wife sexy video
desi sex video tumblr sexozavr.com animal fuck women
marathi blue film com xxx-tube-list.info xixxx video
bed room xnxx prontv.mobi real chut image
ytmp4 eroanal.net bhojpuri sexy
fpo xxx indiandesiclips.com nepal call girl
xvideo wwe gotporn.mobi www.indianxnxx
sex videos sunny leone erofreeporn.net hot malayalam actress navel pictures
presyo ng mga bilihin onlineteleserye.com love revolution season 2