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Ford, Rio Tinto sign MOU for battery and low-carbon materials supply to support net-zero future

Green Car Congress

Ford Motor Company and Rio Tinto have signed a non-binding global memorandum of understanding (MOU) jointly to develop more sustainable and secure supply chains for battery and low-carbon materials to be used in Ford vehicles. Rio Tinto completed its acquisition of Rincon earlier this year. Earlier post.)

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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

Ford announced a series of initiatives for sourcing battery capacity and raw materials that light a clear path to reach its targeted annual run rate of 600,000 electric vehicles by late 2023 and more than 2 million by the end of 2026. Ford announced that Contemporary Amperex Technology Co., 150,000 F-150 Lightnings for North America.

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SK On takes 10% stake in Australia’s Lake Resources; battery-grade lithium supply deal

Green Car Congress

SK On, a global electric vehicle (EV) battery manufacturer, signed a lithium supply deal with Australia’s Lake Resources ( earlier post ), a move that will further strengthen its key battery materials supply chain in response to robust business growth and geopolitical risks. million electric vehicles (EVs).

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Ford building new $1.6B plant in Mexico for small cars

Green Car Congress

Ford is investing US$1.6 billion in a new small car plant in Mexico, building a new manufacturing site in San Luis Potosi State. This investment comes during Ford’s 91 st year in Mexico, including manufacturing vehicles since 1925. The investment is part of the company’s One Ford global product and manufacturing plan.

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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

Green Car Congress

South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Incorporated in 2018, Global Lithium was listed on the Australian Stock Exchange last year.

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Ford CEO Fields elected to IBM Board of Directors

Green Car Congress

The IBM board of directors elected Mark Fields, president and chief executive officer, Ford Motor Company, to the board effective 1 March 1, 2016. He is leading Ford into a future where cars are not only vehicles, but increasingly becoming mobile technology platforms. Fields joined Ford in 1989.

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Ford joins voluntary greenhouse gas reporting program in India; first automaker

Green Car Congress

Ford Motor Company became the first automaker to join a voluntary greenhouse gas reporting program recently established in India. The company already participates in similar programs in the United States, China, Canada, Mexico, Brazil and Argentina.

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