Ford Motor Company - F STOCK NEWS

Ford and SK Innovation have signed a Memorandum of Understanding (MoU) to establish a joint venture named BlueOvalSK, aimed at producing approximately 60 GWh of traction battery cells annually by mid-decade. This collaboration is part of Ford's strategy to vertically integrate its capabilities for a competitive edge in electric vehicles (EVs). The JV will develop next-gen cells to support Ford's battery electric vehicles, contributing to Ford's commitment to at least 240 GWh of battery cell capacity by 2030.

Solid Power, a leader in all-solid-state batteries for electric vehicles, has appointed Ted Miller and Rainer Feurer to its Board of Directors, nominated by Ford and BMW respectively. This follows a successful $130 million Series B investment round led by these companies. Miller, with 25 years at Ford, focuses on battery research, while Feurer brings 23 years of experience from BMW. Both aim to enhance Solid Power's battery technology and accelerate commercialization, contributing to future electric vehicles. This partnership signifies strong backing for Solid Power's innovative approach in battery technology.

Ford Motor Company (NYSE: F) announced its April 2021 U.S. sales results, highlighting a strong performance in the truck and utility vehicle segments. The report indicates a growing demand for electrified vehicles, aligning with Ford's commitment to electrification and mobility solutions. The company continues to innovate in connected vehicle services while leveraging its financial services through Ford Motor Credit Company. This month's sales figures reflect Ford's strategic focus on market leadership in both traditional and electric vehicle categories.

Solid Power, a leader in all solid-state batteries for electric vehicles, announced a $130 million Series B investment round led by BMW Group, Ford Motor Company, and Volta Energy Technologies. This investment will enable Solid Power to produce full-scale automotive batteries and enhance production capabilities. Both Ford and BMW aim to leverage Solid Power’s technology for future electric vehicles, beginning automotive qualification testing in 2022. Solid Power's batteries are designed to be safer and offer up to 100% more energy density compared to existing lithium-ion technology.

Ford Motor Company (NYSE:F) has released its first quarter financial results for 2021. The report showcases Ford's commitment to electrification and mobility solutions while providing insights into its financial health. The earnings call, featuring CEO Jim Farley and CFO John Lawler, will discuss critical financial metrics and future outlook. Ford continues to innovate across its product lineup, focusing on both traditional and electrified vehicles, while maintaining a strong workforce of approximately 186,000 globally. For detailed results, please visit their corporate website.

Ford has announced the establishment of Ford Ion Park, a global battery center aimed at enhancing battery technology and battery cell development. The initiative focuses on accelerating R&D to produce more cost-effective electric vehicles (EVs).

With a team of 150 experts, Ford aims to control production costs and innovate battery solutions from raw materials to recycling. A new $185 million lab in Southeast Michigan set to open next year will facilitate rapid testing and implementation of new battery designs, reinforcing Ford's commitment to a sustainable future.

Ford Motor Company will hold its 2021 annual shareholder meeting on May 13 at 8:30 a.m. EDT. Shareholders can participate by logging into the virtual meeting at www.virtualshareholdermeeting.com/FORD2021. Proxy statements and additional meeting details are available at www.shareholder.ford.com. Ford, based in Dearborn, Michigan, is a leading global manufacturer of vehicles and provides financial services through Ford Motor Credit Company, focusing on electrification and mobility solutions.

Ford Motor Company (NYSE: F) will announce its first-quarter 2021 financial results on April 28, 2021, at 4:05 p.m. ET. Following the release, a conference call will be held at 5 p.m. ET, featuring CEO Jim Farley and CFO John Lawler, allowing investors to ask questions. The presentation materials will be accessible at www.shareholder.ford.com. Earnings call replay will be available from April 28, 8 p.m. ET through May 5. Ford continues to focus on electrification and mobility solutions.

Ford Motor Company (NYSE: F) released its U.S. sales results for the first quarter of 2021, emphasizing a commitment to electrification and mobility solutions. The company continues to expand its lineup of trucks, utility vehicles, and cars, including electrified models and Lincoln luxury vehicles. Ford employs around 186,000 people globally and aims to strengthen its positions in electrification and connected vehicle services. For further details, the complete sales results can be accessed through their official channels.