![]() ![]() You can click here for more details.įor more news updates about Ford and its upcoming innovations, always keep your tabs open here at TechTimes. ![]() On the other hand, Ford was also involved in a research project with the robotics startup since 2019. TechCrunch previously reported that the giant car manufacturer was also the first one to purchase Agility Robotic's Digit, a two-legged robot. Ford is the first one to buy Agility's two-legged robotįord's interest in entering robotics was already showed back in 2020. "We made the decision quite some time ago that we wanted to create a capability in robotics to apply to our vehicles, but also to have a broader potential application base," he added. "The whole field of robotics has applications beyond the vehicle, that's very clear to us," said Ken Washington, the CTO of Ford Motor Company, via Yahoo Finance. On the other hand, Ford is also the first company to conduct a car test-run at the University of Michigan's Mcity way back in 2015. Next month, Ford will deploy Fluffy into its Van Dyke Transmission plant in Sterling Heights, Michigan, to create a virtual map of the facility with 360-degree laser cameras on its back. deal with technological unemployment (Brynjolfsson & McAfee 2011 Ford 2015). This will be useful since it is a simulated Main Street for testing vehicles in real-world environments. It is argued that robots have the advantage of accomplishing more and more. Ford announced that it is recalling more than 441,000 vehicles in North America at the cost of $295 million to fix problems that might cause engine fires and doors latches to unexpectedly malfunction.Īlso Read: Tesla and LG to Produce 4680 Battery at New Factory to Focus in New Power Cell in US or Europe for 2023Īside from this, Ford Motor Company can also drive its vehicles at the Mcity Test Facility. The automaker and a supplier will spend 11. The Ford logo is displayed on a new Ford car on the sales lot at a Ford dealership on Main Colma, California. Ford Will Build 4 Factories in a Big Electric Vehicle Push. Worker shortage gives U.S.(Photo : Photo by Justin Sullivan/Getty Images) Ford just announced it is spending 11.4 billion to build two new factories in Tennessee and Kentucky to manufacture batteries and its electric F-series pickup trucks. New Adidas CEO throws Yeezy in kitchen sink read moreĬhinese firms face embarrassment of listing riches read more Rothschild holdouts have little chance of a bump read moreĪlibaba exit is first remedy for Paytm’s woes read more The opinions expressed are their own.)Ĭapital Calls - More concise insights on global finance: (The author is a Reuters Breakingviews columnist. As automakers start mass-producing electric vehicles, they will depend on Chinese suppliers, wherever they locate their factories. But although it was invented in North America, Chinese suppliers dominate the supply chain: LFP makes up more than half of production at CATL, BYD (002594.SZ), (1211.HK), CALB (3931.HK), EVE Energy (300014.SZ) and Gotion High Tech (002074.SZ), according to UBS. LFP, which is cheaper and safer than competing chemistries, accounted for nearly 40% of the global market by the end of 2022, Bernstein estimates. The company, which invested about USD 2.5 billion at its Chennai and Sanand (Gujarat) plants, will stop selling vehicles such as the EcoSport, Figo and Aspire which are produced from these plants. The company, on the other hand, claimed that it would not take back any of the workers. It also, however, highlights an awkward fact: many Chinese companies, including the world’s largest battery maker, are miles ahead of their U.S. The Cuautitlan plant makes Ford pick-ups and Taurus, Topaz. This unusual setup allows the American auto veteran to use CATL’s lithium ferro-phosphate (LFP) chemistry whilst satisfying the IRA’s demands. Not exactly: the factory runs on Chinese know-how.įord Motor (F.N) is licensing technology and services from China’s Contemporary Amperex Technology (300750.SZ), rather than buying batteries directly or forming a joint venture. Building on strong demand for its new EVs, Ford today 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. It’s evident that President Joe Biden’s Inflation Reduction Act “did what it was intended to do”, according to one executive. HONG KONG, Feb 15 (Reuters Breakingviews) - The carmaker says a new $3.5 billion battery plant will create some 2,500 jobs and bring more manufacturing back to Michigan, the traditional heart of the U.S.
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