Ford and CATL to produce LFP batteries!
Ford is reportedly considering building a new battery manufacturing plant to produce lithium iron phosphate (LFP) batteries.
Catl is a know brand in the battery production market
Tweet on Ford & CATL deal
Ford and China's CATL are considering building a battery manufacturing plant in Michigan in a complex arrangement designed to reap new tax benefits without running afoul of US-China political sensitivities https://t.co/FiPO5G5Grx
— Bloomberg Green (@climate) December 16, 2022
Bloomberg reporting on Ford & Catl join venture battery production
Over the past year, Ford has continually struggled with supply chain issues. Nowhere has this been more apparent than in the Blue Oval’s EV offerings, where it has been forced to increase prices, delay deliveries, and limit production.
Battery manufacturers have been rushing to the United States to establish supply deals and factories in what is becoming “America’s battery belt.” According to Bloomberg, CATL is looking to do just that in a possible deal with the American automaker.
What differentiate CATL’s proposed battery plant different from the one Ford is already constructing with SK On in Kentucky is the type of battery the plant would reportedly produce.
From the details released in Bloomberg’s story, sources claim that the new facility, either coming to Michigan or Virginia, would produce lithium iron phosphate (LFP) batteries.
Bloomberg’s sources did not specify which products these new batteries could be used it, but many expect that many of Ford’s entry-level EV models; the F150 Lightning Pro, the possible electric Maverick, etc., could all benefit from a far cheaper battery rather than the more range capable and more expensive batteries that would be coming from Ford’s new SK facility.
