Ion Park will value $100 million and is a part of Ford’s better $185 million funding in the direction of growing, testing, and constructing new automobile battery cells and cell arrays. Ford will refurbish a 270,000 square-foot facility in Romulus, housing as much as 200 engineers and high-tech tools. As soon as Ion Park is on-line, Ford hopes to vertically combine batteries and cells into its manufacturing functionality, so it now not has to depend on suppliers.
In whole, Ford has invested greater than $30 billion towards electrification by 2025. A part of this funding includes a Sequence B contribution to Stable Energy, an organization specializing in next-generation solid-state batteries. Ford lately invested $130 million into the corporate, turn out to be an equal fairness proprietor with BMW.
AUTO NEWS – Ford’s Ion Park Will Develop New Battery Tech Close to Dwelling