Automaker says a new battery factory will create 2,500 jobs and help make electric cars more affordable.
Ford is hoping that the structure of the plant will defuse criticism of spending state tax incentive money on a joint-venture factory that would be part-owned by a Chinese company. Last month the state of Virginia dropped out of the race for the same Ford plant after Gov. Glenn Youngkin characterized the project as a"front" for the Chinese Communist Party that would raise national security concerns. At the time Virginia had not offered an incentive package to Ford.
Lithium-iron-phosphate batteries would go into standard-range versions of Ford's EVs. For instance, the lowest pricewould get an LFP battery and would be able to travel 247 miles per charge. The long range version of the Mach-E will have a nickel-cobalt-manganese chemistry that takes it to 310 miles per charge.
About $210 million for the Ford plant came from Michigan's Strategic Outreach and Attraction Reserve Fund, known as SOAR, set up to lure industry and jobs to the state. But the total size of the incentive package wasn't clear.
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