Ford's new BlueOval Battery Park in Michigan marks an important step for the company as it produces LFP batteries, a type of battery essential for affordable electric vehicles. The factory aims to reshore technology that has mostly been dominated by foreign manufacturers. With an anticipated output of approximately 20 gigawatt-hours per year, the plant is projected to create about 1,700 jobs and underscores Ford's commitment to advancing EV technology in America, thereby restoring its historic manufacturing prowess in the automotive sector.
Ford's new plant in Michigan signifies a strategic move towards producing lithium-iron phosphate batteries domestically, marking a significant shift in the U.S. auto manufacturing landscape.
Drake emphasizes the importance of re-shoring technology, stating, 'We slipped through our grasp to the rest of the world, but this is an opportunity for Ford to lead in this space.'
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