- Ford’s Chief Executive Officer Jim Farley said that the company is discussing (battery) cell manufacturing
- Other automakers, including General Motors Co and Tesla Inc are investing billions of dollars in their own battery cell manufacturing plants to supplement production from suppliers
As per a report by Reuters, Ford Motor Co. is now considering making its own battery cells as sales volumes of electric vehicles rise around the world as said by the company’s top executive. Ford’s Chief Executive Officer Jim Farley said at the Reuters Automotive Summit teleconference that the company is discussing (battery) cell manufacturing. He thinks that natural as (EV) volume grows.
Investing billions of dollars in their own battery cell manufacturing plants
The report added that other automakers, including General Motors Co and Tesla Inc are investing billions of dollars in their own battery cell manufacturing plants to supplement production from suppliers. As per the report, industry analysts have presented sometimes conflicting views on whether battery cell manufacturers will be able to keep up with an anticipated acceleration of demand for electric vehicles through 2025 and after that..
It added that Ford’s publicly announced electric vehicle production plans so far have remained relatively modest. , GM and Hyundai Motor Co have said they plan to be building and selling one million electric vehicles a year by 2025. Volkswagen AG has aimed for an annual sales of three million EVs then for all its global brands added the report.
