RIO News: UPDATE 2-Ford to buy cheaper CATL EV batteries to catch Tesla - 21st Jul 2022, 9:49pm

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(Recasts throughout, adding details from Ford conference call, context on lithium iron batteries.)

By Joseph White and Ben Klayman

DETROIT, July 21 (Reuters) - Ford Motor Co on Thursday said it will import lower-cost lithium iron batteries for its North American electric pickup trucks and SUVs from Chinese battery champion CATL, as it works on a broader alliance with CATL and an array of separate deals to secure battery and battery materials into the next decade.

Ford Vice President Lisa Drak...

>>> Read more: UPDATE 2-Ford to buy cheaper CATL EV batteries to catch Tesla
 
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