Sep 26, 2023 07:53 PM

BUSINESS

Ford Halts Construction of U.S. EV Battery Plant Using CATL Technology

By An Limin and Kelsey Cheng

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Ford Motor is pausing construction of the Michigan plant just eight months after the investment was announced. Photo: VCG

Ford Motor is pausing construction of the Michigan plant just eight months after the investment was announced. Photo: VCG

Ford Motor Co. said Monday it was suspending construction of its $3.5 billion electric-vehicle (EV) battery plant in the U.S. midwestern state of Michigan, where it had planned to manufacture batteries using technology licensed from Contemporary Amperex Technology Co. Ltd. (CATL) (300750.SZ).

“We’re pausing work and limiting spending on construction on the Marshall project until we’re confident about our ability to competitively operate the plant,” Ford spokesperson T.R. Reid said in a statement emailed to Caixin.

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