Ford within the scope of decreasing demand for electric vehicles and its new agreement with union workers will shrink the battery factory explained. in the USA 3.5 billion dollars The electric vehicle battery factory, established with an investment, was planning to rival Tesla’s production.
Ford is downsizing its electric car battery factory
automobile manufacturer, BlueOval Battery Park Michigan He said that he plans to reduce the production capacity of his factory by 40 percent. Accordingly, production 35 GW/s from the first target to 20 GW/s He announced that he would drop it. The number of personnel will also be reduced to 1700 instead of 2500 people.
Speaking on the subject, a Ford spokesperson stated that the Michigan facility will be resized as a result of important evaluations. Citing the decline in electric vehicle sales and the increase in expenses, the spokesperson said; He acknowledged that workers’ wage increases impose a significant burden.
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This decision made by the company is actually not surprising. Ford, which announced last month that it would postpone the $12 billion expenditure on electric vehicle production worldwide, also suspended all battery factory production in the USA.
However, it has been reported that Ford will continue to remain committed to its electric vehicle targets in the long term. Acknowledging that demand did not increase as quickly as expected, the company stated that it wanted to expand its battery plans if expenses were regulated.
Ford shares Following this news, it decreased by more than 2 percent, increasing the loss experienced throughout the year to 13 percent. Investors said they will closely follow Ford’s new moves in the rapidly changing automotive world.
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