The world\u2019s largest automakers continue to invest in the future of electric vehicles (EVs). But before we discuss the latest investment, a key development in the United Auto Workers (UAW) debate in the United States came to light this week. CNBC reported on the grandson of the legendary Henry Ford in a piece x1 “In a rare move, Ford\u2019s executive chairman is urging the UAW to cut a deal and end acrimonious negotiations.”<\/p>\n
Henry Ford\u2019s grandson is current Ford executive Bill Ford.<\/p>\n
On October 16, 2023, he spoke at an important event for the auto industry at the Rouge Visitor Center in Dearborn, Michigan, where he outlined Ford\u2019s position on the stalled progress in negotiations between Ford and the UAW.<\/p>\n
His remarks resonated throughout the industry:<\/p>\n
Read more about Ford\u2019s arguments in favor of EVs below.<\/p>\n CNBC\u2019s report<\/a> revealed that the U.S. government is set to review legendary American automaker Ford\u2019s licensing deal with Chinese electric vehicle (EV) battery maker CATL. The terms of the $3.5 billion deal were originally announced on February 13, 2023 on x3. Watch the interview with Ford CEO Jim Farley via links on CNBC.<\/p>\n According to comments from Ford\u2019s vice president of EV industrialization Lisa Drake, it\u2019s clear that Ford\u2019s place in the future of batteries and EV technology is not only tied to the nascent construction of gigafactories, but also to an emerging area of battery technology called lithium-iron-phosphate (LFP). Phosphate is a mineral that is mined as a natural resource and then sold as a global commodity, particularly for fertilizer and other agricultural products.<\/p>\n But this story is tied to intense competition in the industry between other major players like Tesla and Stellantis, whose executives proudly claim they have the most advantages to seek partnerships in the future trends of batteries, electrification, mining and mobility.<\/p>\n That\u2019s a lot to say, but I\u2019ll say it again: Trends in batteries, electrification, mining and mobility form a coherent picture at the intersection of global commodity markets and the energy transition fueling – or should I say electrifying – the EV revolution.<\/p>\n Read more about Stellantis\u2019 case for EVs below.<\/p>\nFord has come under fire for its ties to CATL at an electric vehicle plant in Michigan.<\/H2><\/p>\n
Stellantis\u2019 global market strategy is under a lot of pressure due to UAW union strikes.<\/H2><\/p>\n