Ford Cancels NMC EV Battery Factory to Build Chinese LFP Grid Batteries
Ford Cancels NMC EV Battery Factory to Build Chinese LFP Grid Batteries
Ford has scrapped plans for an NMC EV battery factory and is pivoting toward building Chinese-style LFP batteries for grid storage, signaling a major strategic shift away from high-cost EV chemistries. The move highlights slowing EV demand, cost pressure, and how Chinese battery tech is reshaping Western energy and auto strategies.
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👇Reference to the news/charts & videos used in this video:
Ford Gave Up On Beating China On Batteries And Cut A Deal Instead
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