Ford CEO Farley on Lithium Deals, Battery Production

Ford CEO Farley on Lithium Deals, Battery Production

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The video discusses the challenges in producing batteries for electric vehicles, focusing on the constraints in processing raw materials like lithium and nickel. It highlights the importance of onshoring processing to control costs and politics, as most processing is currently done in China. The company plans to adopt a vertical integration strategy, similar to Henry Ford's Rouge, to improve battery production quality. The hardest challenge is scaling quality production, which requires bringing more processes in-house, including software development.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How does vertical integration play a role in the company's strategy for battery production?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges are faced in scaling quality batteries according to the text?

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