Ford is scaling back its $3.5 billion investment in a Michigan EV battery plant due to slower-than-expected EV demand.
The company will cut jobs at the plant from 2,500 to 1,700 and reduce battery production from 30 to 20 gigawatt hours annually.
Factors for this decision include demand, affordability, and business sustainability.
Ford is scaling back its $3.5 billion investment in a Michigan EV battery plant due to slower-than-expected EV demand.
The company will cut jobs at the plant from 2,500 to 1,700 and reduce battery production from 30 to 20 gigawatt hours annually.
Factors for this decision include demand, affordability, and business sustainability.