Dmcerm
Well-Known Member
- First Name
- Mark
- Joined
- Nov 16, 2019
- Threads
- 12
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- 207
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- Location
- Pennsylvania
- Vehicles
- 2017 Ford Expedition EL, 2012 Mustang GT, 2003 Mercury Grand Marquis, 13 year owner/operator 1983 DeLorean DMC-12 - sold Nov. 2014
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- Teacher
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- #1
So, I think I heard/read just some short snippets in passing regarding where Ford is getting their batteries or from where they are being sourced but can someone give me/us a few of those resources?
Was it LG or something? I can't remember what I heard... we all need to keep an eye on where Ford and VW, Jaguar etc. are getting their batteries... for instance, Tesla was said to be in talks with a Brazilian lithium mining company called Sigma Lithium Resources Corp (SGMLF)... and they are selling for $1.35 a share... this is not an investment post, I'm just trying to say, the big limit to all these EVs coming on line will be lithium... and aside from investing in our car companies, the EV cars can't go vroom with out lithium... LOL.
And again, for the last decade Tesla has had a long head start getting, keeping and growing their contracts for materials... we are all now playing catch up... that said, just like Ford did years prior to the rollout of the new all-aluminum F-150 back in 2015, they were contracting with suppliers long before production began and in turn had the market cornered for many years... and we know they wouldn't have rolled out the M-E if they didn't KNOW the supply chain could handle their production... 11 billion bucks is a lot to invest if you can't get the lithium... and I know Ford wouldn't have done that.
Great Forum everyone! I told my wife, besides my quest now for the Mach-E, this forum is my new obsession!
Was it LG or something? I can't remember what I heard... we all need to keep an eye on where Ford and VW, Jaguar etc. are getting their batteries... for instance, Tesla was said to be in talks with a Brazilian lithium mining company called Sigma Lithium Resources Corp (SGMLF)... and they are selling for $1.35 a share... this is not an investment post, I'm just trying to say, the big limit to all these EVs coming on line will be lithium... and aside from investing in our car companies, the EV cars can't go vroom with out lithium... LOL.
And again, for the last decade Tesla has had a long head start getting, keeping and growing their contracts for materials... we are all now playing catch up... that said, just like Ford did years prior to the rollout of the new all-aluminum F-150 back in 2015, they were contracting with suppliers long before production began and in turn had the market cornered for many years... and we know they wouldn't have rolled out the M-E if they didn't KNOW the supply chain could handle their production... 11 billion bucks is a lot to invest if you can't get the lithium... and I know Ford wouldn't have done that.
Great Forum everyone! I told my wife, besides my quest now for the Mach-E, this forum is my new obsession!
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