Ford no longer looks like an also-ran in the global EV race—it’s just that it has taken an alternate route
The fact that Ford is licensing the underlying technology from CATL, the world leader in grid batteries, is another huge help. It lends credibility to Ford’s pivot, given the company’s EV struggles, and lets it get going relatively quickly. It should also help with economics; even after paying a licensing fee, this could be a roughly $600 million EBIT business within a few years, according to Morgan Stanley estimates.
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