Ford to produce own electric vehicle batteries

FORD AND SK Innovation have agreed to produce approximately 60GWh annually in battery cells and array modules, starting mid-decade, with the potential to expand. The next-gen cells will be used to power several future Ford battery electric vehicles. Ford’s global BEV plan calls for at least 240GWh of battery cell capacity by 2030, roughly 10 plants’ worth of capacity. Approximately 140GWh will be required in North America, with the balance dedicated to other key regions, including Europe and China.