Ford CEO says carmaker now eyes making own EV batteries

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“We are discussing (battery) cell manufacturing,” Ford’s Chief Executive Officer Jim Farley said Friday at the Reuters Automotive Summit teleconference. As recently as last July, then-CEO Jim Hackett said there was “no advantage” to Ford making its own battery cells. In the meantime, other automakers, including General Motors Co and Tesla Inc , are investing billions of dollars in their own battery cell manufacturing plants to supplement production from suppliers.

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