Ford Motor company

Ford Secures Lithium Hydroxide Supplies From Nemaska Lithium For 11 Years

As North America rapidly adopts electric vehicles to combat climate change through sustainability, global auto conglomerate Ford Motor Company has entered into a long-term agreement with Quebec-based Nemaska Lithium for the supply of lithium products, including lithium hydroxide, over an 11-year period. Ford said that under the terms of the agreement, Nemaska Lithium would deliver up […]

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BYD Overtakes Tesla on EV Leaderboard To Become World’s Biggest EV Producer

China’s BYD has seized Tesla’s crown as the world’s biggest EV producer. This comes as a consequence of the number of sales reflected in the first six months of 2022, as per July 5 filing by the company. The Shenzhen-based carmaker sold about 641,000 new energy vehicles (NEVs), including electric vehicles and hybrids, in the […]

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Ford and SK Innovation Form JV for EV Batteries in USA

Auto major, Ford Motor Company, and South Korean group SK Group’s SK Innovations have announced signing a memorandum of unity (MoU) to form a joint venture for producing electric vehicle (EV)battery cells and array modules, in the USA.  The EV battery joint venture would be entitled BlueOvalSK (Ford’s Blue Oval emblem and SK in SK Innovation’s name), […]

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Ford to go All-Electric by 2030, all Vehicles to go Electric in Europe

Ford Motor Company has announced it is taking a significant step forward in its European transformation with a commitment to go all-in on its electric passenger vehicles and to substantially grow and electrify its leading commercial vehicle business.  Ford says by mid-2026, 100 percent of its passenger vehicle range in Europe will be zero-emissions capable, […]

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Ford Raises Investment in EV & AV Leadership Up To $29 Billion

US automaker Ford Motor Company has announced to increase investments in electric vehicles (EVs) and autonomous vehicles to USD 29 billion. The company ended 2020 strongly, improving its automotive and credit businesses in the fourth quarter. Speaking of their achievements, Ford President and CEO Jim Farley stated, “The transformation of Ford is happening and so […]

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