Ford Motor Co. has secured enough battery supply to build more than half a million electric vehicles annually by late next year, a quantum leap above the 27,140 battery-powered cars it sold in the U.S. last year.
The automaker has signed contracts with suppliers representing 60 gigawatt hours of annual battery capacity, enough to build 600,000 EVs a year, it said in a statement July 21. Those suppliers include China’s Contemporary Amperex Technology Co. Ltd., or CATL, as Bloomberg previously reported.
