Ford Chief Executive Officer Jim Farley. Image via Ford.
Ford chief executive Jim Farley said the cost of electric vehicles remains too high, in part because of the cost of importing key raw materials like cobalt from the Democratic Republic of the Congo and relying on batteries made in China. Instead, Farley called for both to be sourced closer to home. “We have to bring battery production here, but the supply chain has to go all the way to the mines,” he said in an interview with The Detroit News.
U.S. and European automakers have become increasingly vocal about their discomfort with relying on both China and the Congo for key parts of their next-generation automotive supply chains.
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Apparently, the Democratic Republic of Congo is a “client state” of the Chinese government, or at least according to the latest meme to emerge on conservative U.S. media sites like Fox News. China’s ...
Disruptions caused by COVID-19 lockdowns in China, the Ukraine war and the ongoing crisis at the South African port of Durban are roiling the strategic battery sector, used for e-vehicles. While prices are falling in the ...
The CEO of the world’s largest cobalt mining company issued a stern warning to U.S. and European automakers that they had better get their acts together to secure supplies of this precious metal ...
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