Ford Motor Co is expected to announce as soon as Monday that it plans to build a new $3.5 billion lithium iron phosphate battery plant in Michigan, sources told Reuters.
The plant is expected to be located around Marshall, Michigan, and eventually, employ at least 2,500 workers.
Ford is expected to own and operate the plant with Chinese battery company China's Contemporary Amperex Technology Co Ltd (CATL) as a technology partner to help develop the batteries, sources said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
