Ford to announce $2.5B battery plant Who will supply the phosphoric acid?
Feb. 10, 2023
“Ford Motor Co. on Monday is expected to detail a multibillion-dollar investment with a Chinese company to build an electric-vehicle battery plant on a site in mid-Michigan, The Detroit News has confirmed.
The Dearborn automaker is poised to unveil a project worth at least $2.5 billion that would create roughly 2,500 jobs in partnership with Contemporary Amperex Technology Co. Ltd., the world's largest producer of lithium iron phosphate batteries…… Under the plan, Ford would own the land and plant and manage the workforce; CATL would be the technology partner to develop and build LFP batteries for Ford's electric vehicles
Bolstered by new federal incentives to support the buildout of domestic supply chains for EV components, Detroit's automakers are racing to establish domestic battery manufacturing bases.”