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With the increase in sales of Ford electric vehicles, in addition to the rumors regarding some models, investments in the production of key components are also increasing: one above all, the batteries.
The brand would be considering the possibility of add another production hub specific for batteries together with the Chinese CATL, in order to also enjoy the numerous tax advantages provided by theInflation Reduction Act.
As reported by Bloomberg, the new Ford plant could be built in either Michigan or Virginia. The terms of the agreement also would be rather peculiar, also due to the recent tensions between the USA and China.
To take advantage of the new tax benefits provided by the Inflation Reduction Act, Ford would be the sole owner of the US facility, while CATL would “would limit” to production processes, assembling batteries al lithium iron phosphate (LiFePO4).
Ford said in July it had secured the 70% of raw materialsor minerals, needed for batteries in order to be able to reach the sales targets for electric vehicles set for 2026.
In this regard, it has partnered not only with CATL, but also with SK Innovation.
In addition, earlier this month, the automaker unveiled the Blue Oval SK Battery Parkwhich will cover a key role in the growth of zero-emission vehicles.
The very high demand for the brand’s electric models, which currently cover the 2% of the US market sectorled the house to have to add a third round at the Ford Rouge Electric Vehicle Center production site, in Dearborn, in order to satisfy the requests of customers, who are particularly interested in the F-150 Lightning pick-up.
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