Sign in
F-FORD MOTOR CO

Ford Motor Co. Secures $9.63 Billion Loan from U.S. Department of Energy for Major EV Battery Production Initiative, Creating 12,500 Jobs

Sunday

22 December, 2024

Ford Motor Co. is making headlines with a groundbreaking $9.63 billion loan from the U.S. Department of Energy to boost its electric vehicle battery production. As the company gears up to create 12,500 jobs and ramp up domestic manufacturing, can it overcome the hurdles in the EV market?

article image for F

Article Impact Score

0
50
100
Under­perform
Bear­ish
Neu­tral
Bull­ish
Out­perform
66
Key Takeaways
  • Ford's significant investment in electric vehicles is underscored by a nearly $10 billion loan from the U.S. government.
  • The funding will facilitate the establishment of three battery plants, producing over 120 gigawatt-hours of batteries each year.
  • With over $50 billion allocated for battery electric vehicle technology, Ford aims to satisfy increasing EV demand.
  • The anticipated creation of 12,500 jobs reflects Ford's dedication to innovation and local manufacturing.
  • The company's goal to achieve profitability in its EV division by 2025 strengthens its attractiveness to investors.
More on FORD MOTOR CO
Read more insights on FORD MOTOR CO

Most Read

Join Foliko Premium!

Unlock the entire library of Foliko's Generative AI Investment Research. Plus, get AI powered trading signals and stock price predictions.

Go Premium - 7 Day Free Trial
home-footer-logo

Any content provided on our website is for information purposes only. We do not provide investment advice, nor do we consider ourselves a financial institution. Seek a duly licensed professional for investment advice.