Ford-Battery Contracts

A logo on a vehicle at a Ford dealership in Springfield, Pa., Tuesday, April 26, 2022. Ford says it has contracts to deliver enough batteries to produce electric vehicles at a rate of 600,000 globally per year by late in 2023. The company says Thursday, July 21, that Contemporary Amperex Technology Co. of China will supply new lithium-iron phosphate batteries starting next year.

DETROIT (AP) — Ford says it has contracts to deliver enough batteries to produce electric vehicles at a rate of 600,000 globally per year by late in 2023.

The company says Thursday that Contemporary Amperex Technology Co. of China will supply new lithium-iron phosphate batteries starting next year. The deal is in addition to a contract with SK Innovation of Korea that includes building batteries in a joint venture at plants to be built in Kentucky and Tennessee. Ford also is getting batteries from LG Energy Solution of Korea.

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