Page 6 - Source Minerals News Today

Ford CEO Jim Farley says the company will stop competing in over-served market segments and instead will place big bets on connected vehicles and digital services

The days of Ford being all things to all people are over.

Ford CEO Jim Farley said ahead of the company’s capital markets day event Monday that the days of Ford being all things to all people are over.

Ford has signed lithium deals with three different companies as it attempts to boost its electric vehicle production to 2 million cars over the next two and a half years.

Executives gave details on how it will get there over the next few years during a capital markets day event Monday near its Dearborn headquarters.

Ford CEO Jim Farley says his company is remaking itself by cutting costs, raising quality and offering software, services and new vehicles that will make profit margins among the best in the industry.

China dominated global EV Battery Market: China not only dominates with the global EV market but also the market for EV batteries. China has positioned itself in such a way that American EV makers have to turn to China Inc. for batteries or raw materials, in some way or the other.

As demand for electric vehicles grows, companies are racing to develop what's being called Lithium Valley in California, with plans to extract the metal to power batteries.

Lithium has become a hot commodity in recent years. The Salton Sea is home to this precious mineral. EnergySource Minerals is one of the companies in Calipatria that wants to give back to the community in a meaningful way.

/PRNewswire/ -- EnergySource Minerals announced today that its proprietary ILiAD ™ (Integrated Lithium Absorption Desorption) lithium brine technology platform...