Ford ends F-150 Lightning production, starts battery storage business

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Ford ends F-150 Lightning production, starts battery storage business

We learned then that Ford would keep the Kentucky plant and SK On gets the one in Tennessee, which would focus on the energy storage business instead. Now, we know that something similar will happen at the Kentucky plant—Ford says it’s spending $2 billion to convert the factory to make prismatic lithium iron phosphate (LFP) cells.

Those aren’t destined for EVs, but they are the preferred cell format for data centers, Ford says. The company says that it will bring the factory…



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Ford ends F-150 Lightning production, starts battery storage business



Ford ends F-150 Lightning production, starts battery storage business

We learned then that Ford would keep the Kentucky plant and SK On gets the one in Tennessee, which would focus on the energy storage business instead. Now, we know that something similar will happen at the Kentucky plant—Ford says it’s spending $2 billion to convert the factory to make prismatic lithium iron phosphate (LFP) cells.

Those aren’t destined for EVs, but they are the preferred cell format for data centers, Ford says. The company says that it will bring the factory…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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