Ford secures key minerals for EV production while maintaining growth in gas-powered vehicles.

Ford is confident in achieving its two million EV run rate goal by the end of 2026, despite concerns over EV battery supply. The automaker has secured deals with three lithium industry leaders, including Albermarle, Nemaska Lithium, and SQM, to support its initiatives. Ford is focusing on smaller batteries with better performance and has secured 240 GWh of battery cell capacity globally. The company is also investing in recycling capabilities in the US to support the EV rollout going forward.