5 Next Generation Battery Technology Companies

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1. Ford Motor Company

Revenue as of 2021: $136.34 billion

Ford Motor Company is an automotive company that is based in Michigan, USA. It was founded in 1903 and since then has been one of the largest automobile manufacturers in the world, with a number of brands, including Ford, Lincoln, and Troller. The company has plans to introduce an all-electric version of its best-selling F-150 pickup truck and a fully electric Mustang. In addition to vehicles, Ford also produces advanced battery technology, including its IonBoost battery system, which is designed to power its hybrid and electric vehicles.

The company has planned to build a $3.5 billion EV battery factory in Michigan with the help of the Chinese company Contemporary Amperex Technology Co., the world’s number 1 maker of electric-car batteries. It expects to begin production in 2026 and keep 100% ownership of the factory. The factory will be producing new lithium-ion phosphate batteries, also known as LFPs, as upgrades to the more expensive nickel cobalt manganese batteries that Ford Motor Company is currently using.

Ford Motor Company’s revenue increased by 15.3% from $136.3 billion in 2021 to $158.1 billion in 2022. Alongside this, its gross profit, as well as operating income, increased from 2021 to 2022 as well. The net loss in 2022 can be explained by the company’s investment in other start-ups and ventures that are expected to become profitable eventually.

See also 10 Best Battery Stocks To Buy and 11 Best Battery Stocks To Buy Now.

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