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Ford is also doubling-down on its commercial business, expecting to nearly double the $27 billion in revenue earned in 2019.

Inspired by Tesla, the Ford Motor Company has confirmed that will use LFP batteries in all-electric commercial vehicles. The lithium-iron-phosphate battery cells are called IonBoost Pro, and they will be joined by the IonBoost lithium-ion batteries and Solid Power solid-state batteries.

Detroit — Ford Motor Co. said May 26 it is upping its spending on electrification by $8 billion to $30 billion through 2025 and expects 40 percent of its global sales will be fully electric by 2030. Ford is also doubling down on its commercial business, expecting to nearly double the …

Ford Motor Co (F.N) on Wednesday outlined plans to boost spending on its electrification efforts by more than a third and said it aims to have 40% of its global volume be all electric by 2030, sending shares up 6.8% to a near five-year high.

Ford said it plans to spend more than $30 billion on electric vehicle technology.

IonBoost Cells Will Help 2030 Ford EV Sales Share Reach 40% May 26, 2021 at 10:05am ET ++ The company will also invest $30 billion in EVs by 2025 instead of $22 billion. The “Delivering Ford+” Capital Markets Day brought some exciting news to the table. The best example is the name for Ford’s cells: they will be called IonBoost. The company also said it increased its investments in electrification: instead of $22 billion by 2025, Ford will inve...

Ford held their Capital Markets Day presentation this morning and it was EV focused as the automaker announced dedicated electric vehicle platforms, the development of IonBoost batteries, and details about future electric vehicles. Noting that “electric vehicles and advanced connectivity are transforming commercial and personal transportation,” Ford said they’re accelerating investments into electrification and are now planning to spend more than $30 (£21.2 / €24.6) billion by 2025. Fu...

Solid Power unveils all-solid-state platform technology, transitions silicon cells to pilot line Solid Power, a producer of all-solid-state batteries for electric vehicles, provided details on its All-Solid-State Platform technology and the three unique battery designs it enables. Solid Power has also announced the successful transition of its high-content silicon all-solid-state battery to the company’s Colorado-based production line. Solid Power’s proprietary sulfide solid electrolyte po...

JV to Bring More of Ford’s EV Supply Chain In-House Ford and SK Innovation’s joint venture, called BlueOvalSK, targets annual battery production of 60 GWh annually by 2025, which is enough capacity for about 600,000 vehicles. Ford and South Korea-based SK Innovation sign of a memorandum of understanding that will create a partnership to manufacture electric vehicle batteries. The joint venture is just the latest step in a series of EV- and battery-related investments Ford has made, b...

The plan outlines significant funding in electricity and mobility, two battery-dependent sectors.