Ford Axes Lightning EV Truck, Pivots to $2 Billion Grid-Scale Storage Manufacturing

Ford’s ‘big strategic pivot’ into the ‘fiercely competitive’ battery storage market

Ford Motor Company’s entry into the “fiercely competitive” energy storage market is a “big strategic pivot,” but one that makes sense, ESN Premium has heard.

Ford’s Energy Storage Ambition: $2 Billion to Expand Annual Capacity to Over 20 GWh - EnergyTrend

Ford’s Energy Storage Ambition: $2 Billion to Expand Annual Capacity to Over 20 GWhFordannouncedonMonday(localtime)thatitwillofficiallylaunchitsenergystoragesystembusiness.Thecompanyplanstoleveragetheproductioncapacityofitsexistingba...

Ford axes Lightning EV Truck, pivots to $2 billion grid-scale storage manufacturing

Ford announced it will move on from its electric vehicle trucks, instead producing hybrid vehicles and manufacturing grid-scale energy storage for the rapidly growing datacenter market as well as an entry to residential energy storage.