HomeAutoFord pauses work, limits spending on $3.5 billion EV battery plant with...

Ford pauses work, limits spending on $3.5 billion EV battery plant with CATL Acquire US

Ford is pausing development on its $3.5 billion EV battery plant in Marshall, Michigan, with plans to restrict spending in the interim.

Ford pauses development at deliberate EV battery plant

Ford spokesperson T.R Reid instructed The Detroit News Monday, “We’re pausing work, and we’re going to restrict spending on development at Marshall till we’re assured about our capability to competitively run the plant.”

In line with Reid, no last choices have been made concerning the deliberate $3.5 billion funding to construct a brand new lithium iron phosphate (LFP) EV battery plant within the space.

Reid mentioned the pause in development would start Monday, and “quite a few issues” had been at play with out indicating it needed to do with the continued United Auto Staff (UAW) strike.

The plant “BlueOval Park Michigan” was slated to start LFP battery manufacturing in 2026 with plans to make use of 2,500 folks. LFP batteries supply a less expensive different to NCM, which Ford says will assist the corporate “comprise and even additional scale back EV costs.”

Ford CEO Jim Farley proclaims $3.5B EV battery plant (Supply: Ford)

Even earlier than the plant was anticipated to open, Ford launched LFP batteries on the Mustang Mach-E this 12 months, whereas the F-150 Lightning is about to obtain them in 2024.

The brand new Michigan plant was anticipated to supply round 35 GWh of latest battery capability yearly, able to powering roughly 400,000 future Ford EVs. Ford deliberate to fabricate the cells by a partnership with China’s CATL to make use of its LFP cell data and companies.

Ford Mustang Mach-E (Supply: Ford)

The plant can be the primary LFP battery facility within the US, boosting home manufacturing. Nevertheless, a number of Republican lawmakers criticized the undertaking, expressing considerations over Ford’s relationship with CATL.

It’s unclear whether or not the development halt will impression Ford’s future EV manufacturing plans. The deliberate 400,000 EVs would characterize round 20% of Ford’s forecasted world two million output in 2026.

Reid confirmed to Electrek that the report is correct, including, “We haven’t made any last choice concerning the deliberate funding there.” We are going to replace the article because the scenario unfolds.

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