News Formal

Business Maverick: Ford Secures Batteries to Build 600,000 EVs a Year by 2023

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 84%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Ford Motor Co. says it has secured enough battery supply to build more than half a million electric vehicles annually by late next year, a quantum leap above the 27,140 battery-powered cars it sold in the US last year.

in the coming weeks to boost profits and help fund its EV ambitions, according to people familiar with the plan, Bloomberg reported Wednesday.

Lithium iron phosphate battery packs, or LFPs, are widely used in China, but are seen as less powerful than the nickel cobalt manganese batteries, or NCM, that now provide juice to the Mach-E and F-150 Lightning. “I’d love to get into this today but we really just want to focus on the capacities we’ve installed,” Drake said when asked for power specifications on the Mach-E and Lightning with LFP batteries. “You’re going to hear a lot more about this, so be a bit patient with us.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: CPI races to June 13-year high, on sizzling food and fuel pricesA rate hike is imminent. South Africa's Consumer Price Index (CPI) charged to a 13-year high. The data, released on the eve of the next interest rate decision, leaves no doubt that a hike of at least 50 basis points is on the cards. All thank's to the thieving ANC!
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK: Cartoon Thursday with RicoDefend Truth
Source: dailymaverick - 🏆 3. / 84 Read more »