Friday, June 27, 2025
Phonemantra
No Result
View All Result
  • Home
  • Mobiles
  • Tech News
  • Cars
  • Entertainment
  • USA News
  • Health
  • Cameras
  • Gaming
No Result
View All Result
  • Home
  • Mobiles
  • Tech News
  • Cars
  • Entertainment
  • USA News
  • Health
  • Cameras
  • Gaming
No Result
View All Result
Phonemantra
No Result
View All Result
Home Cars

Ford CEO considers US battery production launch critical

Ford CEO considers US battery production launch critical

The automotive industry’s semiconductor supply crisis has prompted many players to consider reforming the component supply chain. The head of Ford Motor, for example, called for large-scale production of traction batteries for future electric vehicles of the brand in the United States. The company is already in talks with the country’s authorities on this topic.

Ford
Ford

Ford Motor finds itself in a delicate situation with traction batteries’ supply regardless of the crisis in the semiconductor industry. The dispute between the South Korean companies SK Innovation and LG Energy Solution led to the fact that the first of them was banned for ten years from importing batteries into the United States and producing in the country, which violates the intellectual property rights of the second company. It was only because of Ford’s need for traction batteries that the US authorities made an exception to allow SK Innovation to supply this customer with its batteries for four years. The leadership of Ford Motor calls on the South Korean partners to conclude an amicable agreement, but so far, the parties have enough disagreements on its terms.

By 2025, Ford Motor intends to invest at least $ 22 billion in electric vehicles’ development. The transformations in the manufacturing sphere will entail significant changes in the labor market, as stressed by Jim Farley, CEO of the company, cited by Bloomberg. At one of the industry events, he also said that the American auto industry could not allow a repeat of the situation with the shortage of components that arose due to the concentration of their production in Taiwan. For this, it is necessary to stimulate large-scale production of traction batteries in the United States, as added by Jim Farley. The auto giant is already in talks with the government on this topic.

The head of Ford also stressed the importance of reducing warranty costs – the company aims to achieve annual savings of $ 1 billion to $ 2 billion in this area. Monetizing information services will also be an important source of Ford revenue under the new CEO. Already, this market is capable of generating $ 4 billion annually. Money can be received from the sale of services to customers and from cooperation with other companies interested in obtaining information about Ford customers. This segment is in its infancy; it will become significantly larger, according to the company’s head.

  • 0Facebook
  • 0WhatsApp
  • 0Twitter
  • 0Pinterest
  • 0Reddit
  • 0Telegram
  • 0Facebook Messenger
  • Copy Link
  • 0Print
  •  shares

Related Posts

2025 Tata Altroz Facelift vs Hyundai i20
Cars

2025 Tata Altroz Facelift vs Hyundai i20

May 30, 2025
Skoda Kylaq 1.0L Turbo-Petrol
Cars

Skoda Kylaq 1.0L Turbo-Petrol

May 30, 2025
Nissan Magnite
Cars

Nissan Magnite Gets Retrofitted CNG Option

May 29, 2025
2025 MG Windsor
Cars

2025 MG Windsor EV Exclusive Pro Variant

May 29, 2025
2025 Kia Carens Clavis vs Key Rivals
Cars

2025 Kia Carens Clavis vs Key Rivals

May 29, 2025
2025 Maruti Grand Vitara Delta Plus
Cars

2025 Maruti Grand Vitara Delta Plus

May 28, 2025

Recommended Stories

SpaceX

SpaceX has successfully returned 200 rockets to Earth.

June 13, 2023
Taylor Swift Wows Lisbon

Taylor Swift Wows Lisbon with Emotional Debut on the Eras Tour: “A Night I Won’t Forget”

May 27, 2024
vivo y21

Vivo Y21 the Power Packed Smartphone

October 1, 2023

Ads

Popular Stories

  • Summer Stroke Risks

    Summer Stroke Risks

    0 shares
    Share 0 Tweet 0
  • Men’s Preventive Health Matters

    0 shares
    Share 0 Tweet 0
  • Stroke Prevention and Treatment

    0 shares
    Share 0 Tweet 0
  • The ABCDEs of Skin Cancer

    0 shares
    Share 0 Tweet 0
  • Coping with Diabetes During the Summer Heat

    0 shares
    Share 0 Tweet 0
Phonemantra

© 2025 Phonemantra

Navigate Site

  • Our Team
  • Sitemap
  • Legal Disclaimer
  • Privacy Policy
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Mobiles
  • Tech News
  • Cars
  • Entertainment
  • USA News
  • Health
  • Cameras
  • Gaming

© 2025 Phonemantra