Ford announced today it will invest $3.5 billion to build the country’s first automaker-backed lithium iron phosphate (LFP) battery plant in Michigan, which will add a second battery technology to Ford’s electric vehicle (EV) lineup. The plant – dubbed BlueOval Battery Park Michigan – will employ 2,500 people when production of LFP batteries begins in 2026. Ford will have the option to further grow its battery capacity at its Marshall, MI plant, which will be part of a wholly owned Ford subsidiary.
