Ford is set to make a major announcement today, confirming the long-rumored partnership with China’s Contemporary Amperex Technology (CATL) to build a $3.5 billion iron phosphate (LFP) battery plant in Michigan. This new factory will enable Ford to produce more LFP battery cells, which are traditionally cheaper and safer than other chemistries, but offer less energy density.
Tesla was one of the first automakers to recognize the potential of LFP batteries and began using them in their shorter-range electric vehicles. Last year, Ford announced that it had secured 60 GWh of battery supply to achieve the production of 600,000 electric vehicles, and the announcement included a deal with CATL for LFP cells. The automaker indicated that it would introduce versions of the Mustang Mach-E and F150 Lightning with LFP cells.
CATL is the world’s largest producer of LFP batteries, but their production is almost entirely located in China. A deal with Ford to bring large-scale LFP battery manufacturing to the US would be a major development for the North American electric vehicle market.
The press conference this afternoon will provide more details on how Ford plans to scale its electric vehicle business, and the new factory in Michigan is expected to be a major part of that plan. With this new partnership, Ford will be able to produce more LFP battery cells and provide more efficient and longer-range electric vehicles to consumers.
FAQ
Q1. When will electric cars be available in the UK?
A1. Electric cars are already available in the UK.
Q2. Where can I find electric car charging stations near me?
A2. You can use online resources such as Zap-Map to find electric car charging stations near you.
Q3. Which electric car is the best?
A3. The best electric car depends on your individual needs and preferences.
