Ford announced that it will offer a second type of battery chemistry, known as lithium-iron-phosphate or LFP, in two electric vehicles now on sale. The LFP battery packs will become standard on the Select base trim of Mustang Mach-E electric crossover this year, and the base XLT version of the F-150 Lightning full-size pickup truck next year, as Ford announced last July.
The company has now announced it will build a dedicated battery plant in Marshall, Michigan, to produce LFP cells starting in 2026, at a cost of $3.5 billion. That plant will use technology licensed from the world's highest-volume cell maker, Contemporary Amperex Technology Limited (CATL) in China. Until that plant comes online, Ford will buy cells directly from CATL to use in the base models of those two EVs and others.
See the full story: Ford Opening Michigan Plant to Make Batteries That Could Bring EV Costs Down