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Ford Is Investing $3.5 Billion in EV Battery Plant With Chinese Firm
- CATL to provide technology, help with equipment installation
- Bill Ford says factory to foster US ‘battery independence’
Workers assemble an engine with an electric motor and battery.
Photographer: Jens Schlueter/Getty ImagesThis article is for subscribers only.
Ford Motor Co. is investing $3.5 billion in an electric-vehicle battery plant in southwest Michigan that it will operate with technology and support from a Chinese battery maker that has stirred political controversy.
The factory near Marshall, Michigan, will employ 2,500 workers, Ford said Monday, confirming a Feb. 10 Bloomberg report. The facility is set to open in 2026 and will produce enough batteries to power 400,000 EVs a year.