Ford Motor Co. has selected Compact Power of Troy as the supplier of lithium-ion batteries for its future electric and hybrid cars.
“CPI is an emerging leader in the lithium-ion battery field and we are pleased to have them as a strategic supplier as we prepare to bring the Ford Focus Electric to market,” said Sherif Marakby, Ford director, Sustainable Mobility Products and Hybrid programs. “We are moving aggressively with our electrification strategy and our work to help make Michigan a center of excellence for a range of electrified vehicles.”
Troy-based CPI will begin battery pack assembly for the Ford Focus Electric next year and is finalizing production site selection for the U..S.
The lithium-ion cells for the packs will initially be sourced from Korea through LG Chem-CPI at their new plant in Holland within the next two years. President Barack Obama is scheduled to visit the LG Chem-CPI plant Thursday.
“We are very excited to be partnering with Ford on their new battery electric-powered Ford Focus,” said Prabhakar Patil, CPI chief executive officer. “It tells us we are on track in developing high-power and high-energy lithium-ion batteries that the industry needs as it moves toward the electrification of vehicles that lessen our dependence on foreign oil.”
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