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800 jobs are among the cuts being made to Ford Motor’s new EV battery factory as the automaker downgrades its targets citing issues with affordability.
Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the world's largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric vehicle battery plant in Marshall, Mich., on Feb. 13, 2023. Bill Pugliano/Getty Images
Ford Motor is cutting its investment in electric vehicles (EVs), scaling back the production capability of a battery factory and slashing 800 jobs in it, it said on Tuesday, as demand for EVs has not kept pace amid inflation pressures.
Ford is scaling back production in its factory near Marshall, Michigan, which licenses technology from China-based battery maker CATL, a partnership that has attracted criticism from lawmakers.
