Ford Now Has Enough Batteries to Make a Lot More EVs—Profitably

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Batteries are a critical success factor for any auto maker looking to win electric-vehicle market share. sad it has procured more batteries, and will aggressively ramp up EV production. Making EVs will be eventually be more profitable for Ford than producing conventional cars.

<a data-cke-saved-href="" href="" "="" target="_blank" style="margin: 0px; padding: 0px; vertical-align: baseline; background: transparent; text-decoration-line: none; border-bottom: none;">On Thursday, Ford (ticker: F) announced an updated plan that shows it has enough battery and battery-material capacity, and deals to manufacture EVs at a rate of 600,000 a year in 2023 and 2 million a year in 2026.