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CNN —Ford has restarted work on an electric vehicle battery plant in Michigan, but the plant will be smaller than was originally planned. Last month, Ford had laid off some workers building the F-150 Lightning electric pickup truck. By producing batteries in the United States, the plant should help Ford to take advantage of EV tax credits tied, in part, to domestic battery manufacturing. Ford is also building two battery plants in Kentucky and Tennessee. Ford has said it plans to be able to produce two million electric vehicles globally by late 2026.
Persons: CNN — Ford, Ford, ” Ford, General Motors, CATL Organizations: CNN, United Auto Workers, General, Ford Motor Co, Amperex Technology, SK Innovations Locations: Michigan, United States, Kentucky, Tennessee, South Korea
CNN —Ford is pausing work on a new, $3.5 billion electric vehicle battery plant in Michigan, even as the transition to electric vehicles has become a major sticking point in a United Auto Workers strike against automakers Ford, GM and Stellantis. No final decision has been made on whether the plant will, ultimately, become operational, said Ford spokesman T.R. If completed, the plant will be located on a 950-acre site in southern Michigan near the town of Marshall. The battery plant was planned to operate in addition to plants in Kentucky and Tennessee that Ford announced in 2021. Ford has said it plans to be able to produce 2 million electric vehicles globally by late 2026.
Persons: CNN — Ford, T.R, Reid, Ford’s, Ford, , , ” Ford, Shawn Fain Organizations: CNN, United Auto Workers, Ford, GM, Marshall, General Motors, UAW, Ford Motor Co, Amperex Technology, SK Innovations Locations: Michigan, Marshall, United States, Kentucky, Tennessee, South Korea
New York CNN Business —Toyota announced plans Wednesday to invest $5.6 billion in new plants to build electric vehicle batteries in Japan and the United States. But unlike other automakers who are going all-in on EVs, Toyota said it’s still not convinced that’s the best path forward. EV battery boomAutomakers having been rushing to announce EV battery plant plans in recent months, often with various partners. Just this week, Honda (HMC) announced a $4.4 billion joint investment with LG on a new US battery plant. Stellantis, which was formed by the merger of Fiat Chrysler and French automaker PSA group, announced battery plant plans last year with LG.
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