Ford’s reportedly working on a $3.5 billion battery plant in Michigan
by Emma Roth from The Verge - All Posts on (#68S4C)
Illustration by Alex Castro / The Verge Ford's gearing up to announce a $3.5 billion battery plant in Marshall, Michigan, according to a report from Automotive News. In an advisory obtained by the outlet, the automaker says it will reveal the news of the factory on Monday in partnership with China's Contemporary Amperex Technology (CATL), a company that creates lithium iron phosphate batteries for electric vehicles (EVs), including the Mustang Mach-E.
While Ford still hasn't confirmed any of this, the company has since announced a press conference on Monday at 1:45PM ET, where it will share its plans to rapidly scale EVs and make them more accessible to customers." Michigan reportedly offered $1 billion in incentives to attract the automaker's factory, which is expected to...