Ford reportedly plans to build a $3.5 billion EV battery factory in Michigan
if they make vehicles with batteries made by a “foreign entity of concern.” Congress designed the rules to incentivize automakers to build a domestic supply chain for EV parts instead of relying on China for critical components., Ford has considered an ownership structure that would see it own the entire plant and nearby infrastructure. Ford employees would also work at the facility.
would only own the technology used to create the batteries. It’s an arrangement that could allow batteries made at the facility to qualify for the Inflation Reduction Act-related tax credits. “We’ve said that we’re exploring batteries based on ’s technology for Ford vehicles and that we plan to localize,” a Ford spokesperson toldYou can disable notifications at any time in your settings menu.
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