Ford (F) will leverage wholly owned plants in Kentucky and Michigan and “leading” LFP technology to provide solutions for energy infrastructure and growing data center demand, the company stated. Ford plans to begin shipping BESS systems in 2027 with 20 GWh of annual capacity, Ford added.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on F:
- Ford confirms $19.5B Q4 EV charge, raises FY25 EBIT view to about $7B
- Ford sees $19.5B in special charges to ‘rationalize’ U.S. EV-related assets
- Ford sees FY25 free cash flow trending toward high end of $2B-$3B
- Ford CEO tells WSJ taking $19.5B write down on EV investments
- Ford CEO tells WSJ taking $19.5B charge to write down EV investments