Ford Motor Co said on Thursday it would acquire Electriphi, which provides charging management and fleet monitoring software for electric vehicles, as the carmaker aims to electrify 40% of its automobiles by 2030. California-based Electriphi’s platform helps track the real-time status of vehicles, chargers and maintenance services, besides providing fleet electrification. The Dearborn, Michigan-based company […]
Ford-Backed Battery Maker Solid Power to Go Public Via $1.2 Billion SPAC Deal
The company, which produces rechargeable batteries for automobiles as well as mobile power markets, will have $600 million in cash after completing the merger with Decarbonization Plus Acquisition Corp III. Solid Power Inc, an electric-vehicle battery maker backed by Ford Motor Co and BMW, said on Tuesday it would go public by merging with a […]
Ford’s Electric Mustang Tops Norway Car Sales in May
By exempting fully electric vehicles from taxes imposed on internal combustion engines, Norway has turned its car market into a testing ground for automakers seeking a path to a future without fossil fuels. OSLO : Ford Motor Co’s electric Mustang Mach-E topped Norway’s car sales in May, the first full month of registrations for the […]
Amazon-Backed Electric-Vehicle Firm Rivian Could Seek $70 Billion Valuation in IPO: Report
Rivian had a valuation of $27.6 billion, after a $2.65-billion investment round led by T. Rowe Price. Electric-truck startup Rivian could target a valuation of about $70 billion in its potential public listing later this year, Bloomberg reported on Friday. Amazon and Ford-backed Rivian had a valuation of $27.6 billion, Reuters reported in January, after […]
Ford To Focus On Electric Vehicles And Reducing Battery Costs
The manufacturer estimates that EVs will account for 40 percent of its global volume by 2030. Ford shares its new Ford+ plan during the brand’s Capital Markets Day event.Future strategies focus on a new business face for commercial buyers, a growing EV lineup and connected services.New scalable EV architecture in the works to support upcoming […]
Ford Follows GM, VW With Two New Dedicated EV Platforms by 2025
The all-EV platforms are part of an ambitious multi-year, multi-billion-dollar plan the No. 2 U.S. automaker will outline to investors at its Capital Markets Day in an online event. US-based Ford Motor Company has declared a donation 50 lakh surgical masks, 1 lakh N95 masks and 50,000 gowns to help fight the surge of COVID-19 […]
Ford: Electric Vehicles to be 40 Per Cent of Global Sales by 2030
Under former CEO Jim Hackett, Ford was criticized by analysts for moving too slowly on its turnaround and future vehicle plans. But those plans have accelerated under CEO Jim Farley, who took over last October. DETROIT – Ford expects 40% of its global sales to be battery-electric vehicles by 2030 as it adds billions to […]
Ford to Manufacture Batteries For its Future Electric Vehicles
The next-gen cells and arrays will be used to power several future Ford battery electric vehicles.Ford this year announced its commitment to invest at least $22 billion through 2025 to deliver connected, all-electric vehicles. HIGHLIGHTS The next-gen cells and arrays will be used to power several future Ford battery electric vehicles. Ford’s global BEV plan […]
Ford CEO: Electric Vehicle Demand Will Transform Industry
Jim Farley, the company’s new CEO, calls the introduction of an electric version of the nation’s top-selling vehicle a watershed moment for Ford as well as for the auto industry. DEARBORN: A new electric version of Ford’s immensely popular F-150 pickup truck might just be the catalyst that hastens America’s transition from gasoline to battery-powered […]
The Lithium Gold Rush: Inside the Race to Power Electric Vehicles
Atop a long-dormant volcano in northern Nevada, workers are preparing to start blasting and digging out a giant pit that will serve as the first new large-scale lithium mine in the United States in more than a decade — a new domestic supply of an essential ingredient in electric car batteries and renewable energy. The […]