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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 …

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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 invest more than $30 billion. By 2030, the company expects that 40 percent of its sales worldwide comes ...