Ford to spend $3.5 billion to build LFP battery plant in Michigan

Feb. 20, 2023
Ford will be the first automotive manufacturer to build both LFP and nickel cobalt manganese (NCM) batteries in the U.S., allowing customers to choose a battery based on its unique properties and performance features.

Ford plans to build a lithium iron phosphate (LFP) battery plant in Marshall, Michigan. According to the company, Ford will be the first automotive manufacturer to build both LFP and nickel cobalt manganese (NCM) batteries in the U.S., allowing customers to choose a battery based on its unique properties and performance features. Ford claims that LFP batteries have faster charging speeds, are more durable, and cost less to produce. This $3.5 billion project will be operational in 2026, and the facility will employ 2,500 workers. Since 2019, Ford and its “battery tech collaborators” have pledged more than $17 billion in investments to produce electric vehicles and corresponding batteries in America.

In a recent quote, Jim Farley, Ford president and CEO, said, “Ford’s electric vehicle lineup has generated huge demand. To get as many Ford EVs to customers as possible, we’re the first automaker to commit to build both NCM and LFP batteries in the United States. We’re delivering on our commitments as we scale LFP and NCM batteries and thousands, and soon millions, of customers will begin to reap the benefits of Ford EVs with cutting-edge, durable battery technologies that are growing more affordable over time.”

Michigan Governor Gretchen Whitmer added, “Ford’s $3.5 billion investment creating 2,500 good-paying jobs in Marshall building electric vehicle batteries will build on Michigan’s economic momentum. Today’s generational investment by an American icon will uplift local families, small businesses, and the entire community and help our state continue leading the future of mobility and electrification. Let’s continue bringing the supply chain of electric vehicles, chips, and batteries home while creating thousands of good-paying jobs and revitalizing every region of our state. Since I took office, we’ve secured over 30,000 auto jobs and landed multiple electric vehicle and chip-making factories. We’re on the move, so let’s keep our foot on the accelerator.”

Investing in American Manufacturing - 2023

This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.

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