Ford further reduces its electric vehicle ambitions by sharing a battery factory with Nissan.

Ford Motor is further scaling back its ambitions in electric vehicles, according to sources, the company will allow competitor Nissan to use some of the production capacity of its flagship battery plant in the United States. Ford made a large investment in electric vehicles in 2021, announcing the construction of two new battery plants in Kentucky as part of its larger $7 billion investment. These factories are joint ventures with South Korean battery manufacturer SK On. Now, one of the factories in Kentucky is idle, while the other factory has only partial capacity used to produce batteries for Ford. According to sources, the operating factory will now also produce batteries for Nissan. This plan marks the latest contraction move by the American automaker, which had previously made aggressive bets on electric vehicle demand, but market demand did not materialize as expected. Weak demand for electric vehicles and higher costs are putting pressure on car manufacturers to make difficult choices, as they warn that tariff-related expenses could lead to billions of dollars in profit losses.