By the end of 2023, Ford claims it will have commitments to deliver enough batteries to make 600,000 electric vehicles annually around the world.
DOWNTOWN (AP) — By the end of 2023, Ford claims it will have commitments to deliver enough batteries to make 600,000 electric vehicles annually around the world.
Contemporary Amperex Technology Co. of China will start supplying new lithium-iron phosphate batteries in 2019, the firm announced on Thursday. The agreement is in addition to one with SK Innovation of Korea, which calls for the combined construction of batteries at facilities in Tennessee and Kentucky. Additionally, Ford purchases batteries from LG Energy Solution in Korea.
By 2030, Ford claims that the majority of its global output will be electrified automobiles.
The capacity to produce 600,000 EVs annually comprises 150,000 F-150 Lightning pickups in North America as well as 270,000 Mustang Mach Es for North America, Europe, and China. Additionally, 30,000 of new SUVs for Europe and 150,000 electrified Transit vans for North America and Europe are included.
According to the manufacturer, lithium iron phosphate batteries employ fewer rare minerals like nickel and result in material cost savings of 10% to 15% compared to current nickel cobalt manganese batteries.
#fordev #fordelectricvehicles #fordnews
Read more Business News , Today Politics Headline , Today Finace News Update ,Latest Social News Update , World Highlight , Entertainment Latest News , Today Sports News Update , Latest Education Update , Real Estate Today Update