On July 22, American automaker Ford said it would purchase lithium iron phosphate batteries from CATL and use them first in electric pickup SUVs sold in the North American market. Ford is building a broader partnership with CATL and a series of exclusive agreements to secure the company’s supply of vehicle batteries and raw materials for the next decade. Lisa Drake, Ford’s vice president, said the company plans to build a new lithium iron phosphate battery plant with a total capacity of 40GWh in North America starting in 2026. It did not say whether the plant was built by CATL, but in May it was reported that CATL was looking for a suitable location in the US to produce batteries for electric vehicles to serve automakers such as Ford and BMW. It is reported that Ford decided to use lithium iron phosphate batteries in the best-selling electric vehicle in the North American market. After weighing the range and low price, Ford chose the latter. Ford said that lithium iron phosphate batteries can reduce material costs by 10% to 15%. %. At the same time, Ford also revealed that the company has also reached an agreement with CATL to explore the use of CATL batteries in all Ford vehicles sold in the US, European and Chinese markets, which also means that Ford may fully embrace CATL. Ningde time .
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