Ford downsizes EV battery factory in Michigan
Ford CEO Jim Farley said at a press conference that Ford Motor Co., Ltd. is partnering with China-based Contemporary Amperex Technology Co., the world’s largest battery company, to open a new factory in Michigan on February 13th. announced that it will build an electric vehicle battery factory in Marshall. 2023, Romulus, Michigan. Bill Priano | Getty Images News | Getty Images Detroit – ford motor The company is scaling back plans for a $3.5 billion battery factory in Michigan as consumers move more slowly than expected to electric vehicles, labor costs rise and the company moves to cut costs. Ford executives including CEO Jim Farley and Chairman Bill Ford first announced This is the facility in February. His ties to Chinese battery maker Contemporary Amperex Technology (CATL) quickly made him a political target. The plant is a wholly owned subsidiary of Ford, but the U.S. automaker has licensed technology from CATL to produce new lithium iron phosphate (LFP) batteries for