Ford Mustang Mach-E Will Get LFP Batteries This Year In Europe via insideevs.com
will also gain LFP batteries in 2024 in key global markets with a goal of reducing wait times for customers. The automaker did not reveal battery capacities, charging times or other specifications.
Ford says the move is part of its"commitment to making EVs more affordable and accessible to customers." The company's strategy is to diversify and localize its battery supply chain in the regions where it builds EVs in order to improve availability and affordability for customers while strengthening consumer demand.
As the automaker scales EV production, introducing LFP batteries allows it to build more electric vehicles and offer more choices to new customers.The new LFP battery chemistry won't replace the nickel cobalt manganese chemistry as both will be offered in parallel. Ford says this will allow customers to choose an EV"with unique battery performance characteristics most aligned with their needs.
and 2 million worldwide by the end of 2026 as part of its Ford+ plan. To make that happen, the carmaker will invest over $50 billion in EVs globally through 2026.
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