Ford Halts Construction At $3.5-Billion EV Battery Plant In Michigan ...Middle East

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Ford Halts Construction At $3.5-Billion EV Battery Plant In Michigan
source : OILPRICE ( Middle East ) () 35
Ford Motor Company has announced it is halting construction works at a planned $3.5-billion EV battery factory in Michigan until it is confident the plant can be run competitively. Ford’s announcement comes amid a strike by the United Auto Workers (UAW) union and concerns in Congress over the alliance of one of Detroit’s Big Three with the biggest Chinese and global battery maker, Contemporary Amperex Technology Co., Limited (CATL). In February this year, Ford said it had picked Marshall, Michigan, to invest $3.5 billion to build the…

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