Shulou(Shulou.com)11/24 Report--

CTOnews.com February 14 news, Ford announced on February 13 local time with Ningde era to build a battery factory near Marshall City, Michigan. The plant plans to invest US $3.5 billion (currently about RMB 23.87 billion) and is expected to be put into operation in 2026 with 2500 employees.

According to the report of China Securities Taurus, the relevant person in charge of Ningde Times responded by saying: "It has accepted the cooperation invitation of Ford Company of the United States to provide preparation and operation services for its battery factory in Michigan and license the patented battery technology. "

Ford is seeking to strengthen its U.S. electric vehicle manufacturing supply chain with a goal of producing 2 million electric vehicles annually worldwide by the end of 2026. Ford said it has achieved about 70 percent of the battery capacity needed to meet its 2026 goal.

According to financial data, Ford's net revenue in the fourth quarter of 2022 reached US $1.3 billion (currently about RMB 8.866 billion), and its net loss for the whole year was US $2 billion (currently about RMB 13.64 billion), which was lower than estimated. The main reasons were the cost increase caused by unstable supply chain and production and the failure to meet expectations.

In January this year, Ningde Times announced that it expects net profit of 29.1 billion yuan-31.5 billion yuan in 2022, up 82.66%-97.72% year-on-year. CTOnews.com learned that Ningde Times said that during the reporting period, the new energy industry at home and abroad developed rapidly, the power battery and energy storage industry market continued to grow, and the company's production and sales volume increased significantly.

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