Auto maker Ford
plans on opening a battery development centre near Detroit by the end of 2022
in a move to manufacture batteries for its electric vehicles. The $185 million
lab will be a 200,000-square-foot facility to design and produce battery cells and
centre named Ford Ion Park plans on employing about 150 workers. Ford will
start with small-scale development, testing and manufacturing of batteries.
Chief Product and Operations Officer, Ford, said that the company wants to lead
the switch that is happening in terms of the electric vehicle consumer market
from the early adopter stage to the early majority.
announcement of Ford, under its new CEO, Jim Farley, is a step toward
transitioning from internal combustion engines while also ensuring it has
enough batteries to avoid shortages
in the future. It is a different approach from its previous way of partnering
with suppliers for batteries.
industry has been consistently showing signs of movement towards batteries.
They have been racing to build their batteries and gain control of supplies
such as precious metals (lithium, copper, nickel). It is expected that around
300 new electric car models will be released in the market in the next two
Source: The Times of India