Ford Reveals Vital EV Mineral Agreements Before Crucial Capital Markets Day
Staff Editor Ford recently announced key deals for minerals essential to the production of electric vehicles (EVs) ahead of its crucial capital markets day. This move is part of Ford’s ambitious plan to produce two million EVs per year by 2026, making it one of the world’s leading EV producers.
The agreements cover cobalt and lithium, which are critical components in batteries that power EVs. The company has signed long-term supply contracts with reliable partners from around the globe who can guarantee a steady stream of these materials at competitive prices over time. These deals will help ensure that Ford has a secure source for these minerals as it ramps up production to meet its 2 million EV target by 2026.
This announcement comes just days before Ford’s Capital Markets Day event where executives will outline their plans for achieving this goal and discuss how they intend on financing such an ambitious undertaking through debt or equity offerings if necessary. With this latest development, investors have more confidence that Ford is well-positioned to make good on their promise and become one of the largest producers in what many believe is an emerging market set for explosive growth over the coming years.
Read more at CNBC
