On February 13, Ford Motor announced that it would invest US $ 3.5 billion in the construction of a battery plant in southwestern Michigan, as a new policy for Federal Federal Taxation made factories in the United States more beneficial to build factories in Canada and Mexico.
Ford pointed out that the new factory will be the first in the United States that the lithium iron phosphate (LFP) battery factory held by automakers in the United States, and Ford will also become the first promise to produce nickel cobalt manganese (NCM) and LFP batteries in the United States Auto manufacturers.
The new factory is called Blueoval Battery Park Michigan, located in Marshall, about 100 miles west of Detroit. Ford said that the factory will begin operations in 2026 and hires 2,500 workers to produce lithium iron phosphate batteries of 35 GWH each year, which is enough to provide motivation for about 400,000 electric vehicles. Ford said that lithium iron phosphate chemical technology will help increase the output of electric vehicles and make its manufacturing cost lower.
At the same time, Ford also reached a new agreement with the Ningde era. According to the agreement, Ford's wholly -owned subsidiary Blueoval Battery Park Michigan will use the LFP battery technology and service batteries provided by Ningde Times. Ford engineers will be responsible for the integration of batteries and vehicle.
As part of the FORD+plan, Ford is trying to deliver 600,000 electric vehicles worldwide by the end of this year, and by the end of 2026, 2 million electric vehicles will be delivered worldwide.
With the rapid expansion of the production scale of electric vehicles, the introduction of LFP batteries can allow Ford to produce more electric vehicles and provide consumers with more choices, which will help the company's electric vehicle business Model E to 2026 to achieve 8 %Of the profit margin target before interest tax.
Including $ 3.5 billion in this investment, since 2019, Ford and its battery technology partners have announced that they will invest $ 17.6 billion in electric vehicles and battery production in the United States. The company has promised to be global electric electricity by 2026. Automobile investment exceeds $ 50 billion. In the next three years, these investment will bring more than 18,000 direct jobs and more than 100,000 indirect jobs to Michigan, Kentucky, Tennessee, Ohio and Missouri.
