FORD MOTOR CO EXECUTIVE CHAIRMAN BILL FORD TELLS REUTERS HIS COMPANY IS CONSIDERING POSSIBLE LITHIUM INDUSTRY INVESTMENTS As the company seeks electrification growth, it is considering forging supply deals with lithium producers, Ford said. Lithium is a key ingredient to make lithium-ion batteries, which power electric vehicles.
Ford rival Tesla Inc has a lithium supply deal with Australia’s Kidman Resources Ltd . “We are looking at the entire supply chain and where we want to play,” Ford said, without mentioning a specific company. Albemarle Corp and SQM are the world’s largest lithium producers.
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