Ford is progressing towards obtaining federal funds for its lithium iron phosphate battery manufacturing plant in Michigan, which will aid in launching affordable electric vehicles. The facility, BlueOval Battery Park Michigan, is 60% complete and will produce LFP batteries, marking a significant shift in the U.S. battery supply chain. With the plant expected to qualify for production credits, Ford aims to enhance its competitiveness in the EV market and reduce manufacturing costs, positioning the company as a potential leader in affordable EV technology with a domestic presence.
Ford is committed to making the best, most cost-effective batteries for the next generation of electric vehicles in the United States. The BlueOval Battery Park Michigan is on track to qualify for the production tax credit-a win for our customers and a win for American competitiveness.
This is an opportunity for Ford to lead in this space and bring the technology back to the U.S.
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