Does Ford use CATL batteries?
Yes, Ford Motor Company has partnered with the Chinese battery manufacturer CATL (Contemporary Amperex Technology Co. Limited) to supply batteries for some of its upcoming electric vehicle models.
Ford's Partnership with CATL
In 2022, Ford announced a strategic collaboration with CATL, one of the world's largest battery manufacturers, to secure a reliable supply of batteries for its growing lineup of electric vehicles. Under this agreement, CATL will provide lithium-ion battery cells and modules to Ford for use in its electric cars and trucks sold in North America, Europe, and China.
The partnership is part of Ford's broader electrification strategy, which aims to have electric vehicles make up 40-50% of its global sales by 2030. By working with CATL, Ford hopes to ensure a steady supply of high-quality batteries to support its ambitious electric vehicle plans.
Benefits of the CATL Partnership
- Increased battery supply: CATL's global manufacturing capabilities will help Ford meet the growing demand for electric vehicles.
- Cost savings: CATL's scale and expertise in battery production can help Ford achieve cost efficiencies in its electric vehicle programs.
- Access to advanced battery technology: CATL is a leader in lithium-ion battery technology, which can improve the range, performance, and safety of Ford's electric vehicles.
The partnership with CATL is a significant step forward for Ford as it works to transition its lineup to electric power and compete with other automakers in the rapidly evolving EV market.
Does Ford own CATL?
The structure of the Ford-CATL partnership is unlike those of traditional joint ventures. Ford will control a 100 -percent ownership stake in the plant and license the lithium ferrous phosphate (LFP) battery technology from CATL.
Who does Ford get their EV batteries from?
Contemporary Amperex Technology Co., Limited
As part of Ford's plan to offer a new battery chemistry and source in key regions where it produces EVs, Ford has reached a new agreement with Contemporary Amperex Technology Co., Limited (CATL) – the world's leading battery manufacturer.
Which car companies use CATL batteries?
CATL's battery technology is currently used by electric vehicle manufacturers in the overseas market, and CATL collaborates with companies including BMW, Daimler AG, Hyundai, Honda, Li Auto, NIO, PSA, Tesla, Toyota, Volkswagen, Volvo and XPeng.
Who is the battery supplier for the Ford F-150 Lightning?
SK On
The battery supplier for the truck is South Korea-based SK On, a spinoff of SK Innovation, which the Detroit automaker announced a joint venture with in 2021 to establish battery production facilities in the U.S.
Where is the Ford CATL battery plant?
Ford is building a battery plant in Marshall, Michigan, and plans to license CATL technology to produce low-cost lithium-iron batteries at the facility.
Who is the largest customer of CATL?
CATL, which counts Tesla (TSLA. O) , opens new tab as its biggest client, has been losing market share to BYD , a major automaker that powers all its EVs with its own batteries.
What batteries does Ford use?
Ford announced that Contemporary Amperex Technology Co., Ltd. (CATL) will provide full LFP battery packs for Mustang Mach-E models for North America starting next year as well as F-150 Lightnings in early 2024.
Do Teslas use CATL batteries?
CATL, the world's largest battery maker, is a major supplier of lithium iron phosphate (LFP) batteries to Tesla for its Shanghai factory, the U.S. automaker's largest. Tesla has been exporting these cars equipped with CATL batteries to other markets such as Europe and Canada.
What companies does CATL supply?
This project is due to be completed next year. CATL makes a third of the world's EV batteries. It presently supplies Tesla, Peugeot, Hyundai, Honda, BMW, Toyota, Volkswagen, and Volvo. The company has already faced a backlash in the US market.
Does CATL supply Tesla?
CATL, the world's largest battery maker, is a major supplier of lithium iron phosphate (LFP) batteries to Tesla for its Shanghai factory, the U.S. automaker's largest. Tesla has been exporting these cars equipped with CATL batteries to other markets such as Europe and Canada.
