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Ford announces EV plants amid battery import surge

China 2905 Cons. Discr. - Autos 1117 Energy - Renewables 165 Japan 572 South Korea 550 U.S. 5211

Ford has announced plans to build a new automotive manufacturing plant for their new electric pickup trucks as well as three new battery manufacturing plants alongside Korean firm SK Innovation. The new plants will likely be looked favorably on by American policymakers who have pushed for more high tech domestic manufacturing, especially alongside a surge in battery imports from China. Imports of batteries from China to the U.S. increased 113.4% year over year in July when compared with 2019, boosting the country’s share of U.S. imports from 44.2% in 2019 to 49.3% in the first seven mont...

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