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Monday, July 25, 2022

Ford unveiled a plan that shows how it plans to shore up its battery supply chain

Ford unveiled a plan that shows how it plans to shore up its battery supply chain as part of its global strategy to sell more than 2 million EVs annually by 2026. The automaker, which is investing $50 billion to scale its battery-electric portfolio through 2026, said it plans to boost battery capacity, shorten its supply chain and use lithium iron phosphate batteries for some of its EVs.