The automaker cited a potential problem with the battery pack of the F-150 Lightning but said it was unaware of any incidents “in the field.”
Ford’s $3.5 billion plant in Michigan will draw on technology from CATL, a Chinese company that is the world’s No. 1 maker of electric-car batteries.
If it fails or misfires, then it will greatly limit the number of tools to fight climate change or a recession.
Competition, government incentives and falling raw material prices are making battery-powered cars more affordable sooner than expected.
The loan will help accelerate Redwood Materials’ plans to produce components for electric car batteries from new and recycled sources.
The semiconductor maker GlobalFoundries will dedicate part of its output to G.M. as the automaker offers more electric vehicles and driver-assistance systems.
Already two years behind schedule, the Cybertruck has experts wondering how the company will manufacture its unusual stainless steel “exoskeleton.”
Sales of electric vehicles are growing fast, and automakers are investing billions of dollars in new technology and factories. We want to know how jobs are changing.
The company’s deliveries of electric vehicles more than doubled, compared with the same month a year earlier.
Countries are pursuing new solutions to try to mitigate climate change. More trade fights are likely to come hand in hand.