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Ford CEO Calls for U.S. Battery Production to Avoid Shortage

  • Chip woes with Taiwan show danger of outsourcing, Farley says
  • Automaker’s shares rise as much as 6.7% to three-year high
Jim Farley

Jim Farley

Photographer: Spencer Platt/Getty Images

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Ford Motor Co.’s top executive said the U.S. must begin building batteries for the coming wave of electric vehicles in order to avoid supply disruptions like the semiconductor shortage now shutting American auto factories.

“We need to bring large-scale battery production to the U.S., and we’ll be talking to the government about” that, Jim Farley, Ford’s chief executive officer, said Wednesday at the Wolfe Research Auto Conference. “We can’t go through what we’re doing with chips right now with Taiwan. It’s just too important.”