{"id":13143,"date":"2023-02-14T11:46:03","date_gmt":"2023-02-14T19:46:03","guid":{"rendered":"https:\/\/essential.construction\/news\/ford-to-invest-3-5b-to-build-michigan-battery-plant\/"},"modified":"2023-02-14T11:46:03","modified_gmt":"2023-02-14T19:46:03","slug":"ford-to-invest-3-5b-to-build-michigan-battery-plant","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/ford-to-invest-3-5b-to-build-michigan-battery-plant\/","title":{"rendered":"Ford to invest $3.5B to build Michigan battery plant"},"content":{"rendered":"<p> <a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/><br \/>\n<\/p>\n<div>\n<h3>Dive Brief:<\/h3>\n<ul>\n<li><span><span><span><span><span><span>Ford will invest $3.5 billion to build its first lithium iron phosphate <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/media.ford.com\/content\/fordmedia\/fna\/us\/en\/news\/2023\/02\/13\/ford-taps-michigan-for-new-lfp-battery-plant--new-battery-chemis.html\" target=\"_blank\"><span><span><span><span><span><span><span><span>EV battery plant<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> in Marshall, Michigan, as part of a $50 billion effort to grow its EV business by 2026.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span><span><span><span><span><span>The introduction of LFP batteries will bring Ford a second battery option within its EV lineup, adding to its existing <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span>nickel cobalt manganese (NCM) option.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span><span><span><span><span><span><span>The plant, owned by a Ford subsidiary, is slated to begin production in 2026 using knowledge and services provided by China-based battery manufacturer Contemporary <span>Amperex<\/span> Technology Co., Limited (<span>CATL<\/span>).\u00a0\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n<h3>Dive Insight:<\/h3>\n<p><span><span><span><span><span><span><span>Ford lauded the addition of LFP battery capabilities as a way to make EVs more affordable and accessible to customers. Lithium-ion batteries powered by the NCM cocktail of components are known to have a more powerful range than LFP, but are more expensive.\u00a0\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span><span>&#8220;This lower-cost battery, at scale, will help Ford contain or even further reduce EV prices for customers,&#8221; according to the release. &#8220;These LFP batteries will power a variety of affordable, next-generation Ford EV passenger vehicles and trucks under development, most of which will be assembled in the U.S.&#8221;<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span><span>The automaker plans to introduce LFP batteries in its Mustang Mach-E this year and F-150 Lightning in 2024, before the start of production at the Marshall plant. <\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span><span>Once at full capacity, the plant aims to produce enough batteries to power 400,000 vehicles a year, aided by CATL\u2019s industry capabilities. The company is one of the world\u2019s largest battery manufacturers, with 13 plants across China, Germany and Hungary, according to its <a rel=\"nofollow noopener\" href=\"https:\/\/www.catl.com\/en\/about\/profile\/\" target=\"_blank\">website<\/a>.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span><span>The Marshall facility is expected to hire 2,500 workers, a move applauded by United Automobile Workers Union President Ray Curry.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span><span>\u201cFord got it right by building this plant right here in Michigan,\u201d UAW President Ray Curry said in a statement.\u00a0 \u201cWe supported the public investment into this facility as we know it will create good paying union jobs that will benefit the community and maintain strong wage and benefit standards in the auto industry.\u201d<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span><span>Ford&#8217;s investment comes only months after the groundbreaking of its <\/span><\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.manufacturingdive.com\/news\/ford-ev-production-campus-breaks-ground-tennessee\/635273\/\" target=\"_blank\"><span><span><span><span><span><span><span><span><span>$5.6 billion EV &#8220;mega-campus&#8221;<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span><span> in Tennessee. The automaker and its tech partners have spent $17.6 billion on its EV business since 2019.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.constructiondive.com\/news\/ford-ev-battery-plant-construction-michigan-lithium-phosphate\/642755\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dive Brief: Ford will invest $3.5 billion to build its first lithium iron phosphate EV battery plant in Marshall, Michigan, &#8230; <a title=\"Ford to invest $3.5B to build Michigan battery plant\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/ford-to-invest-3-5b-to-build-michigan-battery-plant\/\" aria-label=\"Read more about Ford to invest $3.5B to build Michigan battery plant\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[],"class_list":["post-13143","post","type-post","status-publish","format-standard","hentry","category-construction-dive","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/13143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=13143"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/13143\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=13143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=13143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=13143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}