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Ford Makes A Big Move To Develop Better Batteries


It s jumping on board with BMW.
Ford recently announced a major investment to build in-house batteries for its electric vehicles. The project includes $185 million to build a new global battery center called Ford Ion Park. The Blue Oval has already promised that this new facility will manufacture lithium-ion batteries, as we see in current electric vehicles like the Ford Mustang Mach-E. It will also produce state-of-the-art solid-state battery cells and arrays. The trouble is that this technology is not yet ready for full-scale production and consumer use.
That s why Ford just announced a new investment in Solid Power, an industry leader in solid-state battery development. Ford initially invested in the company back in 2019 and will now add a $130 million Series B investment round. BMW invested in Solid Power as well, and the two automakers are now equal equity owners. ....

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