Ford Inks $4.5 Billion Battery Materials Deal, May Reprise The Capri Name For New EV
that it has concluded an agreement with PT Vale Indonesia and China’s Zhejiang Huayou Cobalt that creates a three party collaboration to advance more sustainable nickel production in Indonesia and help make electric vehicle batteries more affordable. All three companies are making equity investments in the Pomalaa Block High-Pressure Acid Leaching Project through a definitive agreement celebrated today at a ceremony featuring Indonesia President Joko Widodo.
Construction of the new facility is expected to start this year, with commercial operations beginning in 2026. The collaboration will deliver materials essential for the auto industry’s shift to EVs, enhance Indonesia’s EV manufacturing industry, and support Ford’s plan to deliver a 2 million EV production run rate by the end of 2026.
One question we don’t know the answer to is how this sourcing of nickel from Indonesia in collaboration with a Chinese company will affect the eligibility of Ford battery-electric cars for the US federal EV tax credit. We presume Ford thought of that before entering into this agreement.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Nio's Third-Gen Battery Swap Stations Can Change A Battery In 3 Minutes | CarscoopsNio's Third-Gen Battery Swap Stations Can Change A Battery In 3 Minutes | Carscoops carscoops
Les mer »
Ford, Vale Indonesia, Huayou sign deal for $4.5 bln EV battery material plantU.S. carmaker Ford Motor Co signed a final investment agreement with PT Vale Indonesia , and China's Zhejiang Huayou Cobalt on Thursday to build a $4.5 billion nickel processing plant in Indonesia's Southeast Sulawesi.
Les mer »
Ford in $4.5 bln deal for EV battery materials plantU.S. carmaker Ford has joined PT Vale Indonesia and China's Zhejiang Huayou Cobalt's as their new partner in a $4.5 billion nickel processing plant in Indonesia, the companies said on Thursday.
Les mer »
Ford hikes prices on its F-150 Lightning as production resumes after EV battery fireFord is resuming production of the F-150 Lightning after a February battery fire forced a halt. It's also raising prices on the popular electric truck again.
Les mer »
Ford Partners With Indonesian Firms For $4.5B Plant To Make Cheaper Battery Materials | CarscoopsFord Partners With Indonesian Firms For $4.5B Plant To Make Cheaper Battery Materials | Carscoops carscoops
Les mer »
It's official: NYC inks deal with Aetna on new Medicare Advantage plan for 250K retireesNYC has signed a deal with Aetna for the company to administer their Medicare Advantage plan for some 250,000 municipal retirees. The switch faced opposition from some retirees who worry their new coverage won't be as good as traditional Medicare.
Les mer »