Ford CEO says carmaker now eyes making own EV batteries


“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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