Ford Motor CFO Says No Plan To Invest Significantly In Refining Of Battery Materials, Go With Partners
Portfolio Pulse from Benzinga Newsdesk
Ford Motor's CFO stated that the company has no plans to invest significantly in refining battery materials and will instead rely on partnerships.
June 15, 2023 | 2:11 pm
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Ford Motor will not invest heavily in refining battery materials, opting to work with partners instead.
Ford Motor's decision to not invest significantly in refining battery materials and rely on partnerships may have a neutral short-term impact on its stock price. The strategy could help the company save resources and focus on other aspects of electric vehicle development. However, it also means that Ford will depend on partners for a critical component of its EVs, which could affect its competitiveness in the long run.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100