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Wednesday 27 September 2023
Ford pauses LFP battery factory touted as key for affordable EVs
Ford has confirmed that it’s halting construction of a $3.5 million battery plant in Michigan that the automaker had focused on just months earlier as a key for EV affordability.
The plant, near Marshall, Michigan, was due to create about 2,500 jobs and make lithium-iron-phosphate (LFP) batteries, which tend to be much cheaper to produce than the nickel-cobalt-manganese (NCM) batteries that Ford currently uses in its EVs. When the plant was announced, in February, Ford said that the plant would make “one of the lowest-cost U.S.-produced batteries.”
That said, the cost of producing those cells appears to be at the core of Ford’s decision to hold off.
Read the whole story on greencarreports.com