American automaker Ford Motor recently announced that it has reached an agreement with a Chinese supplier to acquire electric vehicle batteries as part of its efforts to ramp up global EV production. The Michigan-based company plans on investing billions of dollars across three states to ramp up the production of new electric vehicles over the next few years. Naturally, this will increase Ford’s demand for EV batteries exponentially.
As per its new agreement, Ford will source electric vehicle batteries from the…
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