Ford may soon make its own batteries for EV offerings

  • Ford CEO says it may be natural for the company to make batteries as volumes of its EV sales grow.
File photo - Ford Motor Co. showcases the all-new electric Mustang Mach-E vehicle.
File photo - Ford Motor Co. showcases the all-new electric Mustang Mach-E vehicle.

Ford Motor Co has reversed course and is now considering making its own battery cells as sales volumes of electric vehicles rise around the world, the automaker's top executive said on Friday.

"We are discussing (battery) cell manufacturing," Ford's Chief Executive Officer Jim Farley said Friday at the Reuters Automotive Summit teleconference. "I think that's natural as (EV) volume grows."

As recently as last July, then-CEO Jim Hackett said there was "no advantage" to Ford making its own battery cells.

Also check these Vehicles

Find more Cars
Ford Mustang Mach E (HT Auto photo)
UPCOMING
₹ 70 Lakhs
Alert Me When Launched
Mg 4 Ev (HT Auto photo)
UPCOMING
BatteryCapacity Icon64kWh Range Icon350 km
₹ 30 - 32 Lakhs
Alert Me When Launched
Tata Sierra Ev (HT Auto photo)
UPCOMING
BatteryCapacity Icon69 kWh Range Icon420 Km
₹ 25 - 30 Lakhs
Alert Me When Launched
Tata Harrier Ev (HT Auto photo)
UPCOMING
BatteryCapacity Icon50 kWh Range Icon400 Km
₹ 22 - 25 Lakhs
Alert Me When Launched
Honda Elevate Ev (HT Auto photo)
UPCOMING
₹ 18 Lakhs
Alert Me When Launched
Tata Punch Ev (HT Auto photo)
BatteryCapacity Icon35 Kwh Range Icon421 km
₹ 10.99 - 15.49 Lakhs
Compare
View Offers

In the meantime, other automakers, including General Motors Co and Tesla Inc, are investing billions of dollars in their own battery cell manufacturing plants to supplement production from suppliers.

Industry analysts have presented sometimes conflicting views on whether battery cell manufacturers will be able to keep up with an anticipated acceleration of demand for electric vehicles through 2025 and beyond.

While Ford's publicly announced electric vehicle production plans so far have remained relatively modest, GM and Hyundai Motor Co have said they plan to be building and selling one million electric vehicles a year by 2025, and Volkswagen AG has targeted annual sales of 3 million EVs then for all its global brands.

Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape.

First Published Date: 14 Nov 2020, 11:04 AM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.