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Battery and Components
Ford signs IRA-compliant lithium supply deals
The firm is attempting to futureproof its battery supply chain
3 min read
US OEM Ford has struck new deals to source lithium from projects in the US and around the world as it seeks to bolster its battery supply chain and ramp up production of EVs that are eligible for US subsidies.
The second-largest US automaker has signed agreements with three of the world’s largest lithium suppliers, Albemarle, SQM and Nemaska Lithium, and two US-based producers, Compass Minerals and Energysource Minerals, to supply the crucial battery metal for use in its battery manufacturing plants.
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