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Business
Anthony Alaniz

Ford To Build Cheaper LFP Battery Packs At New Michigan Factory

Ford Michigan United States

Ford announced a $3.5 billion investment to build a new battery plant in Marshall, Michigan, today. The facility will produce lithium iron phosphate (LFP) batteries, giving the automaker a second battery chemistry in addition to the nickel cobalt manganese (NCM) one it already offers. The new battery technology should help lower costs for consumers and make Ford’s EVs more available.

The plant, called BlueOval Battery Park Michigan, won’t begin production until 2026. However, Ford will start installing the new batteries into the Mustang Mach-E later this year and the F-150 Lightning starting in 2024 with the goal of reducing wait times for customers. The LFP battery will become the standard-range offering, but the automaker didn’t detail any pricing information.

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