Ford Pushes Ahead with Michigan EV Battery
The Marshall battery plant is designed to produce up to 20 GWh annually. Under the current U.S. tax framework, that could earn
Coupled with an up to $45 per kWh subsidy as allowed for in the IRA under current rules, Ford's plant in Marshall is set to produce batteries that are hundreds, if not thousands of dollars cheaper than those of competitors. LFP is largely seen as an interim solution on the way to superior technology, such as Lithium Manganese Rich (LMR) batteries.
An aerial view of Ford's BlueOval Battery Park in Marshall under construction, taken May 8. The electric vehicle fight between Detroit rival automakers is turning bitter — and a politically fraught battery factory in Marshall is the latest battleground.
Ford is building a battery plant in Marshall, Michigan, and plans to license CATL technology to produce low-cost lithium-iron batteries at the facility. USA TODAY Shopping: Shop sales in tech, home, fashion, beauty & more curated by our editors.
GM is reportedly working with South Korean battery makers LG and Samsung SDI to produce LFP batteries in the U.S. as well. But CATL is leagues above the competition.
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