Thursday, July 21, 2022 11:15:30 AM
https://www.yahoo.com/finance/news/ford-adds-battery-capacity-lfp-134004293.html
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https://www.yahoo.com/finance/news/ford-ev-manufacturing-rate-lithium-iron-phosphate-battery-131424727.html
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https://www.yahoo.com/finance/news/ford-announces-series-deals-accelerate-113223544.html
......Ford's decision to use lithium-iron batteries in its best-selling North American EVs is the latest sign that lithium iron's lower cost - Ford said the chemistry can cut material costs by 10-15% - is worth the trade-off in range. Tesla is offering LFP batteries in some lower-priced Model 3 sedans sold in the United States. Electric truck and van maker Rivian also has said it intends to use LFP batteries.
Drake said Ford wants to secure more batteries and battery materials from North America, but cautioned: "I wouldn't say that we have 100% confidence that all of these can be localized...It's hard work."
Ford said it also has agreed with CATL to explore using the Chinese company's batteries in Ford vehicles sold in the United States, Europe and China.
CATL said in a statement "the two companies plan to leverage their respective strengths to jointly explore new business opportunities worldwide," involving lithium-iron and other battery technologies.
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