the new lithium-iron-phosphate batteries are not only very resistant but also tolerate more frequent and rapid recharges, even if they use materials that are not excessively requested by the market and are affordable
During 2023, the new lithium-iron-phosphate (LFP) batteries will arrive in the European range of the Ford Mustang Mach-E 1, which are – explains the house of the Blue Oval – not only are they very resistant but also tolerate more frequent recharges and fast, while using materials that are not excessively requested by the market and with low costs. Thanks to these low-cost batteries – which Ford will use in next generation 100% electric cars and vans currently under development – it will be possible to reduce the prices of electric vehicles.
Ford also announced a $3.5 billion investment to build the first LFP battery plant in the United States, the BlueOval Battery Park Michigan, which will open in 2026. But already this year, even before opening of new battery plant in Michigan LFP systems will be introduced on Mustang Mach-Es destined for key global markets and, in 2024, on the F-150 Lightning with the goal is to reduce wait times for customers.
LFP battery technology also helps reduce dependence on “critical” minerals such as nickel and cobalt and is in line with Ford’s commitment to create an electric vehicle supply chain that meets its commitments on sustainability and human rights.
By diversifying and locating Ford’s battery supply to regions where electric vehicles are manufactured, the availability and affordability of its zero-emission range will be improved, benefiting customers. As part of the Ford+ plan, the company is working towards an annual production of 600,000 electric vehicles globally by the end of this year and 2 million units by 2026.
With the introduction of LFP batteries, Ford “will be able to produce more electric vehicles and offer a wider choice to customers entering the electric world for the first time, with a view to accelerating the production of zero-emission vehicles and help the Model division achieve an EBIT of 8% by 2026.” “We are seeing tremendous demand for Ford electric vehicles. We are delivering on our commitments to LFP and NCM battery manufacturing and thousands, soon millions, of customers will begin to benefit from using Ford electric vehicles with state-of-the-art, durable and increasingly affordable batteries,” said Jim Farley , President and CEO of Ford.
Ford has committed to investing more than $50 billion in electric vehicles globally through 2026 and to achieve global carbon neutrality by 2050 across vehicles, manufacturing and suppliers. In Europe, the goal is to exclusively sell electric vehicles and to achieve carbon neutrality across its entire European manufacturing footprint, including logistics and suppliers, by 2035.