Ford Halts Construction at $3.5 Billion Factory Amid Competitive Challenges

Ford confirmed Monday it has immediately stopped work at a $3.5 billion factory in Michigan that was supposed to make cheaper lithium iron phosphate batteries using tech from China’s CATL. “We’re pausing work and limiting spending on construction on the Marshall project until we’re confident about our ability to competitively operate the plant,” Ford spokesperson […],

Ford Halts Work on $3.5 Billion Factory

Ford has announced a temporary halt in construction at its $3.5 billion factory in Michigan. The facility was intended to produce cheaper lithium iron phosphate batteries using technology from China’s CATL. The decision comes as the company aims to ensure its ability to operate the plant on a competitive basis.

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