The Ford Mustang Mach-E will gain a new lithium-iron-phosphate (LFP) battery that, Ford says, will help to make its EVs more “affordable and accessible”
Ford claims LFP batteries are more durable than their NCM counterparts and will use fewer in-demand, expensive materials. The move will also reduce the US firm’s reliance on “critical materials”, including nickel and cobalt.
“Ford’s electric vehicle line-up has generated huge demand. We’re delivering on our commitments as we scale LFP and NCM batteries and thousands, and soon millions, of customers will begin to reap the benefits of Ford EVs with cutting-edge, durable battery technologies that are growing more affordable over time,” said Jim Farley, Ford president and CEO.
The move comes as Ford looks to localise its battery supply chain, as it ramps up to produce a target of 600,000 EVs by the end of 2023, and two million by the end of 2026. Ford’s own LFP batteries will later be produced from a brand-new, $3.5 billion LFP battery plant in Michigan, US. The Blue Oval Battery Park is slated to open in 2026 and is part of the company’s $50bn Ford+ plan, which will drive its shift to all-electric power.
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