Ford Motor Co. on Monday is expected to detail a multi-billion-dollar investment with a Chinese company to build an electric-vehicle battery plant on a site in mid-Michigan, The Detroit News has confirmed.
The automaker is poised to unveil a project worth at least $2.5 billion that would create roughly 2,500 jobs in partnership with Contemporary Amperex Technology Co. Ltd., the world's largest producer of lithium iron phosphate batteries, according to four sources with knowledge of the project who were not authorized to discuss it ahead of Monday's announcement.
The project will land on the Marshall Megasite, a 1,900-acre property in southwest Michigan's Calhoun County that local and state officials have long been preparing for such a development. Under the plan, Ford would own the land, plant and manage the workforce; CATL would be the technology partner to develop and build LFP batteries for Ford's electric vehicles; and Ford would be the recipient of any state incentives, the scope of which are still taking shape.
