Post by
MrPeters on Apr 04, 2024 4:58pm
I Wonder??
Ford Motor Co. is delaying the start of electric vehicle production at its plant in Oakville, Ont., by two years, to 2027. The delay will give the consumer market more time to develop, the company said, and allow for further development of EV battery technology.
I wonder what further Battery development they are seeing??
gl
Comment by
MrInvest on Apr 04, 2024 5:05pm
I suspect that is a scapegoat comment. Political environment may be in for a big change here and in the US. As much as I hate Trump, Biden is not a clear win. Justin is going out bad and Pierre will scale back all these EV mandates. I think all this will have downward pressure on EV sales and lithium prices. That being said, DLE should be more favorable then open pit mining.
Comment by
TheWokeLemming on Apr 04, 2024 5:08pm
I think this is more about giving Ford time to become competitive than it is about EV adoption. However, there's no doubt that batteries will improve to become lighter, smaller, last longer and become more efficient and that those improvements are occurring rapidly.
Comment by
Loughatorick on Apr 04, 2024 8:10pm
I don't know how Ford expects battery technology to evolve. However, you may find this of interest: https://electrek.co/2024/01/11/toyota-solid-state-ev-battery-plans-750-mi-range/
Comment by
MrPeters on Apr 05, 2024 6:55am
Thanks Loughtorik good article. Also good to see today for first time in a long time Scotia McLeod has Bulls ahead of Bears this morning 11-8. Might see a bit of movement on the upside. gl
Comment by
TheWokeLemming on Apr 05, 2024 8:27am
Jobs report may move markets this morning.