© Reuters. FILE PHOTO: A Ford logo is seen on an electric vehicle charging point during a press event at the Ford Halewood transmissions plant in Liverpool, Britain, December 1, 2022. REUTERS/Phil Noble
(Reuters) – Ford Motor (NYSE:) Co is expected to announce as soon as Monday it plans to build a new $3.5 billion lithium iron phosphate battery plant in Michigan, sources told Reuters.
The plant is expected to be located around Marshall, Michigan, and eventually employ at least 2,500 workers.
Ford is expected to own and operate the plant with Chinese battery company China’s Contemporary Amperex Technology Co Ltd (CATL) as a technology partner to help develop the batteries, sources said.
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