Ford Motor Co is set to announce as soon as Monday it plans to build a new $3.5 billion lithium iron phosphate battery plant in Michigan, sources told Reuters.
A Ford logo is seen on an electric vehicle charging point during a press event at the Ford Halewood transmissions plant in Liverpool, Britain, December 1, 2022. REUTERS/Phil Nobleis set to announce as soon as Monday it plans to build a new $3.5 billion lithium iron phosphate battery plant in Michigan, sources told Reuters.
Ford is expected to own and operate the plant with Chinese battery company China's Contemporary Amperex Technology Co Ltd
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