Ford Motor Co. and Contemporary Amperex Technology Co. Ltd. (CATL) plan to build a battery plant in Michigan, according to several media reports on Friday citing people familiar with the matter.
The multibillion-dollar facility, to be located about 100 miles west of Detroit, is expected to create about 2,500 jobs, said the people, who asked not to be identified because the plans aren’t yet public. The agreement could be announced as soon as next week, they said.
“We’re exploring batteries based on CATL’s technology for Ford vehicles and that we plan to localize” production in North America, Ford reportedly said in a statement.