Ford is also counting on its decision to manufacture LFP batteries in the US at the wholly owned plant to take the political risk out of relying on a Chinese technology partner.
Ford Motor on Monday announced plans to invest $3.5 billion to build an electric vehicle battery plant in Michigan, betting that making the batteries in the United States will help and Chinese partner CATL attract US customers to embrace a lower-cost technology pioneered in China.
Building LFP batteries in Michigan also gives Ford a shot at significant US battery manufacturing subsidies that could help it hit a goal of 8% profit margins on its EV operations by 2026. Ford has studied the driving habits of Mach-E and Lightning owners, and found half of Mach-Es are driven 32 miles or fewer a day, said Marin Gjaja, chief customer officer for Ford’s electric vehicle operations.
The Marshall plant is scheduled to launch with 35 gigawatt-hours of capacity – enough for 400,000 EVs a year – and production should start in 2026. The site has room for expansion, Drake said.
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