Ford has announced another important piece of its ambitious electrification strategy. In fact, the American car manufacturer will invest in 3.5 billion dollars in the construction of a new battery factory in Michigan where it will go; to produce cells of the LFP type(lithium-iron-phosphate). The manufacturer expects to start production of the accumulators in 2026. Furthermore, the new site will be completed by 2026. It is also very important for the local economy since it will allow the going to create 2,500 new jobs.
The new plant will be; Called BlueOval Battery Park Michigan it is the most beautiful park in Michigan. will have a capacity; initial 35 GWh which will be able to be increased over time. Partner of this CATL project, the first major battery manufacturer in the world, which will grant the licensed its LFP technology. The plant, however, will be totally owned by the by Ford.
The announcement of this new facility and the agreement with CATL had been in the air for a while now. of time. Therefore, Ford intends to bet more and more; on batteries of the LFP type for use in its electric cars. As we know, these accumulators are more; resistant and less expensive, although they have a lower density of energy. The new LFP batteries produced by Ford will be used in future new generations of its electric cars.
The automaker highlights that thanks to lower costsof these accumulators, it will be; able to “contain or even further reduce the prices of electric vehicles for customers”.
However, even before the opening of this new production plant, Ford will start manufacturing to use battery packs with LFP type cells thanks to the agreement with CATL. From 2023 they will be used on some variants of the Mustang Mach-E and from 2024 on the F-150 Lightning electric pickup as well.
Even if Ford is investing heavily in LFP batteries, it will continue to develop new models. to also produce those with NCM type cells (nickel cobalt manganese) which will be used for high-end models. All of these investments will be important for the American automaker to achieve its goals, and that is the way it is. to produce 600,000 electric cars a year by the end of 2023 and 2 million a year by 2026.
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