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Ford sources battery capacity and raw materials for 600K EV annual run rate by late 2023, 2M by end of 2026; adding LFP

Green Car Congress

The company detailed its global vehicle portfolio plans supporting these production goals as part of its Ford+ plan. Ford plans to invest more than $50 billion in EVs through 2026, targeting total company adjusted EBIT margins of 10% and 8% EBIT margins for EVs by 2026. 150,000 F-150 Lightnings for North America.

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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

Green Car Congress

Exxon Mobil Corporation is acquiring XTO Energy Inc. These will complement ExxonMobil’s holdings in the United States, Canada, Germany, Poland, Hungary and Argentina. and Jefferies & Company Inc. in an all-stock transaction valued at $41 billion. This represents a 25% premium to XTO stockholders.

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16 National Hydrogen Associations Submit Statement to UNFCC Highlighting Hydrogens Potential Contribution to Curbing GHG Emissions

Green Car Congress

The significant investments by national governments and private companies around the world have resulted in rapid technology advancements recently compared to just a few years ago. Australia: Australia Institute of Energy - Hydrogen Division. China: China Association for Hydrogen Energy. EU: European Hydrogen Association.

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Lux Research: Australia best positioned to be next big shale play; China and Argentina next

Green Car Congress

Hydraulic fracturing and horizontal drilling have unlocked shale gas and tight oil resources previously written off as uneconomical, single-handedly altering North America’s energy landscape. Others such as Poland have not been so lucky, with ExxonMobil and Talisman Energy pulling out after disappointing exploration results.

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Ford will use module-less LFP batteries from CATL

Push EVs

The company detailed its global vehicle portfolio plans supporting these production goals as part of its Ford+ plan. Ford plans to invest over $50 billion in EVs through 2026, targeting total company adjusted EBIT margins of 10% and 8% EBIT margins for EVs by 2026. DEARBORN, Mich., Driving to more than 2 million EVs by late 2026.

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