Ford Motor (F) is an American auto manufacturer headquartered in Dearborn, Michigan.
Much like General Motors (GM), Ford is doubling down on the electric vehicle (EV) market.
In fact, Ford recently announced it was boosting its EV spending from $22 billion to $30 billion to develop EVs and batteries for commercial use.
And to help strengthen its foothold in the market, the company last week announced that it acquired Electriphi. Electriphi is an EV battery management and monitoring firm.
Through the deal, Ford will combine Electriphi’s software with its Ford Pro business unit, which provides EV fleet services to government and commercial customers.
Ford added that the agreement would also allow it to cut down on charging costs, efficiently track how long vehicles are out on the road, and charge them at company-owned depots.
And, eventually, Ford intends to have enough charging stations across the U.S. to charge 600,000 EV vans and trucks – bolstering the country’s overall EV infrastructure along the way.
Tech Expert: “S.A.V. Will Be Huge”
Sponsored
S.A.V. — that’s Elon Musk’s next big project that will shock the world.
And after months of research, this tech expert finally found the company that’s behind this new project.
This is all part of a $30 trillion trend that’s set to dominate this decade.
But hurry… all the big players are already getting in.
For example, Warren Buffett has already invested $15 billion in this trend… and said he’s ready to invest $15 billion more.
There’s no time to waste… click here now and get all the details.
