![]() The plant was revealed Monday at a meeting of the Michigan Strategic Fund, which approved a large tax incentive package for the project near the junction of Interstates 94 and 69. The long range version of the Mach-E will have a nickel-cobalt-manganese chemistry that takes it to 310 miles per charge. For instance, the lowest price Mustang Mach-E electric SUV would get an LFP battery and would be able to travel 247 miles per charge. Lithium-iron-phosphate batteries would go into standard-range versions of Ford's EVs. Gjaja said that over time they could get the full $7,500 credit depending on sourcing of battery minerals. factory tax credits, and that buyers initially would get at least $3,750 in tax credits because the vehicles are produced in North America. ![]() The company expects to take advantage of U.S. At the time Virginia had not offered an incentive package to Ford. Glenn Youngkin characterized the project as a "front" for the Chinese Communist Party that would raise national security concerns. ![]() Last month the state of Virginia dropped out of the race for the same Ford plant after Gov. To offer a full $7,500 per vehicle tax credit to customers, EV batteries won't be able to have metals or components from China in them.įord is hoping that the structure of the plant will defuse criticism of spending state tax incentive money on a joint-venture factory that would be part-owned by a Chinese company. supply chain for electric vehicle batteries. The announcement comes at a time when U.S.-China relations are strained, and the Biden administration is offering tax credits for businesses to create a U.S. Limited, or CATL, which is known for its lithium-iron-phosphate expertise, would supply technology, some equipment and workers. But China's Contemporary Amperex Technology Co. "The whole intent here is to make EVs more affordable and accessible to customers," said Marin Gjaja, chief marketing officer for Ford's electric vehicles.įord says a wholly owned subsidiary would own the factory and employ the workers. The company wouldn't give any prices just yet. The factory near the city of Marshall would produce batteries with a lithium-iron-phosphate chemistry, which is cheaper than the current nickel-cobalt-manganese chemistry now used in many EV batteries.Ĭonsumers could then choose whether they wanted the battery with lower range and cost, or pay more for higher range and power. It would crank out 35 gigawatt hours worth of batteries, enough to supply 400,000 vehicles per year, Ford said. The plant, to be built on land being readied for industrial development about 100 miles (160 kilometers) west of Detroit, would start making batteries in 2026. plans to build a $3.5 billion factory in Michigan that would employ at least 2,500 people to make lower-cost batteries for a variety of new and existing electric vehicles. Ford to build $3.5B electric vehicle battery plant in Michigan 02:04ĭETROIT (AP) - Ford Motor Co.
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