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Building more parts in-house rather than purchasing them from other suppliers makes financial sense and retains jobs, said CEO Jim Farley.
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Automakers will spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, EV batteries and raw materials.
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The facility will further Ford CEO Jim Farley’s goal to build 2 million EVs annually by the end of 2026.
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The price of lithium carbonate, a key EV battery component, has tripled over past year as demand spikes.
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General Motors and Honda Motor Co. announced plans to develop a line of affordable electric vehicles (EVs) with a focus on compact crossovers.
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The suburban Detroit site will be among the first large-scale graphite processing plants in the U.S. and the first domestic plant for Graphex.
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Mile for mile, it’s cheaper to recharge an electric vehicle (EV) than it is to refuel one with an internal-combustion engine.
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BMW reports 2022 margins will be lower because of the Russia-Ukraine conflict.
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U.S. faces tough choices in 2022 on mines for electric-vehicle metals.
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Letter penned by Canadian Trade Minister Mary Ng suggest proposed EV tax credits will harm North American auto industry and violate trade agreements.
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