Ford Signs Battery Materials Deal, Hints At Fixed Pricing Strategy
There’s a torrent of news about Ford Motor Company this week, so let’s get you caught up on recent developments. Ford this week announced a long-term contract withto purchase the lithium it needs to manufacture batteries for electric vehicles. In addition, during the company’s Capital Markets Day — the first in-person conference for investors the company has held since 2016 — the company suggested it is considering fixed, non-negotiable pricing, at least for some models.
Using only a fraction of the carbon, water, and land footprint of any other operation in the world, Project ATLiS will set a new standard in sustainable lithium production, the company said. The project will maximize lithium output in a closed-loop environment and aims to deliver significant reduction in time, cost, and environmental impact compared with alternative approaches.
Project ATLiS in California’s Salton Sea is expected to produce approximately 20,000 metric tons of lithium annually — quadruple the current U.S. supply of domestic lithium and enough to manufacture about 500,000 EVs per year.
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