Advertisement



macchiaz-o

Well-Known Member
First Name
Jonathan
Joined
Nov 25, 2019
Messages
2,282
Reaction score
4,358
Location
Valley of the Sun
First Name
Jonathan
Vehicles
Fiesta » InfB/LSG 2SR
Country flag
    Featured
  • Thread starter
  • #1
Ford CEO Jim Farley speaking at today's Reuters Automotive Summit:

“We are discussing [battery] cell manufacturing. I think that’s natural as [EV] volume grows.”
https://www.reuters.com/article/us-...ng-making-own-batteries-for-evs-idUSKBN27T26B

Full Article:

Ford CEO says carmaker now eyes making own EV batteries

(Reuters) - Ford Motor Co F.N has reversed course and is now considering making its own battery cells as sales volumes of electric vehicles rise around the world, the automaker's top executive said on Friday.

“We are discussing (battery) cell manufacturing,” Ford’s Chief Executive Officer Jim Farley said Friday at the Reuters Automotive Summit teleconference. “I think that’s natural as (EV) volume grows.”

As recently as last July, then-CEO Jim Hackett said there was “no advantage” to Ford making its own battery cells.

In the meantime, other automakers, including General Motors Co GM.N and Tesla Inc TSLA.O, are investing billions of dollars in their own battery cell manufacturing plants to supplement production from suppliers.

Industry analysts have presented sometimes conflicting views on whether battery cell manufacturers will be able to keep up with an anticipated acceleration of demand for electric vehicles through 2025 and beyond.

While Ford's publicly announced electric vehicle production plans so far have remained relatively modest, GM and Hyundai Motor Co 005380.KS have said they plan to be building and selling one million electric vehicles a year by 2025, and Volkswagen AG VOWG_p.DE has targeted annual sales of 3 million EVs then for all its global brands.
 

timbop

Well-Known Member
First Name
Tim
Joined
Jan 3, 2020
Messages
2,189
Reaction score
3,566
Location
New Jersey
First Name
Tim
Vehicles
2015 Mustang Convertible (to be replaced by MME RT 1), 2016 Dodge Durango
Occupation
Software Engineer
Country flag
I'm not sure it's actually a "reverse course". Discussing it and dumping billions into doing it are very different things. At the end of the discussion they may wait until the current into R&D of alternative chemistries and form factors shakes out, at which point they might just license the best technology and then begin building their own.
 

dbsb3233

Well-Known Member
First Name
Tim
Joined
Dec 30, 2019
Messages
4,147
Reaction score
4,005
Location
Colorado, USA
First Name
Tim
Vehicles
2013 Escape Titanium, 2021 Mustang Mach-E FE (Red)
Occupation
Retired
Country flag
Ford CEO Jim Farley speaking at today's Reuters Automotive Summit:



https://www.reuters.com/article/us-...ng-making-own-batteries-for-evs-idUSKBN27T26B

Full Article:

Ford CEO says carmaker now eyes making own EV batteries

(Reuters) - Ford Motor Co F.N has reversed course and is now considering making its own battery cells as sales volumes of electric vehicles rise around the world, the automaker's top executive said on Friday.

“We are discussing (battery) cell manufacturing,” Ford’s Chief Executive Officer Jim Farley said Friday at the Reuters Automotive Summit teleconference. “I think that’s natural as (EV) volume grows.”

As recently as last July, then-CEO Jim Hackett said there was “no advantage” to Ford making its own battery cells.

In the meantime, other automakers, including General Motors Co GM.N and Tesla Inc TSLA.O, are investing billions of dollars in their own battery cell manufacturing plants to supplement production from suppliers.

Industry analysts have presented sometimes conflicting views on whether battery cell manufacturers will be able to keep up with an anticipated acceleration of demand for electric vehicles through 2025 and beyond.

While Ford's publicly announced electric vehicle production plans so far have remained relatively modest, GM and Hyundai Motor Co 005380.KS have said they plan to be building and selling one million electric vehicles a year by 2025, and Volkswagen AG VOWG_p.DE has targeted annual sales of 3 million EVs then for all its global brands.
Pros and cons to buying from a supplier vs building your own. And even "building your own" often just means partnering with a battery manufacturer, like Tesla does.

I think either way, Ford will be OK. There's a ton of battery factories in the pipe now. Building your own might just mean moving from one bottleneck (getting finished batteries) to another (getting raw materials).
 

rickmendes

Member
First Name
Rick
Joined
Jun 27, 2020
Messages
22
Reaction score
36
Location
Los Angeles
First Name
Rick
Vehicles
Reserved Mach-E Premium RWD Extended Range
Country flag
Pros and cons to buying from a supplier vs building your own. And even "building your own" often just means partnering with a battery manufacturer, like Tesla does.

I think either way, Ford will be OK. There's a ton of battery factories in the pipe now. Building your own might just mean moving from one bottleneck (getting finished batteries) to another (getting raw materials).
Raw materials space is getting more interesting with all of the new EVs coming out between now and 2025. Companies like Piedmont Lithium are fun to watch.
 



 









Advertisement


Top