Ford's Scaled-Down EV Battery Plant Signals Shift in Strategy

1 min read
Source: Detroit News
Ford's Scaled-Down EV Battery Plant Signals Shift in Strategy
Photo: Detroit News
TL;DR Summary

Ford is scaling back its electric-vehicle (EV) plant in Marshall, Michigan, reducing its expected gigawatt capacity by 43% and decreasing the number of jobs created by 32%. This move reflects the challenges facing the EV industry, including range limitations, infrastructure issues, and pricing concerns. The slower-than-expected growth in EV demand has prompted automakers to adjust their investment plans. Ford's decision to scale back the project also comes as the rise in EV adoption is slowing, with concerns about range, charging infrastructure, and grid performance. Despite the scaling back, Ford still plans to complete construction by 2026.

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