Ford To Build $3.5B Michigan Battery Plant With Chinese Tech | Carscoops carscoops
Using LFP battery technology will also allow Ford to produce more EVs at a lower overall cost. LFP batteries can “withstand more frequent and faster charging while using fewer high-demand, high-cost materials,” says Ford.that ”This investment in the local community will lead to an influx of new jobs to Marshall and economic development throughout the area… We are especially excited to support Ford’s conservation easement, which will preserve Michigan’s natural beauty along the Kalamazoo River.
He’s referring to a 245-acre parcel of land along the southern edge of the battery site that Ford has committed to placing into a conservation easement. The brand expects to hire some 2,500 people at the plant but that number could swell to 2,700 according to some estimates. While all of that looks good from a PR perspective, Ford knows that ultimately its“The whole point of this project is to lower the cost of E.V.s,” Ford’s chief executive, Jim Farley said.
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