Ford touts ample supply deals to hit electric vehicle goals

Published July 21, 2022 4:42 AM

DETROIT (AP) — Ford says it has contracts to deliver enough batteries to produce electric vehicles at a rate of 600,000 globally per year by late in 2023. The company says Thursday that Contemporary Amperex Technology Co. of China will supply new lithium-iron phosphate batteries starting next year. The deal is in addition to a contract with SK Innovation of Korea that includes building batteries in a joint venture at plants to be built in Kentucky and Tennessee. Ford also is getting batteries from LG Energy Solution of Korea. Ford says in a statement that it plans for half of its global production to be electric vehicles by 2030.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KION 46 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.