Ford Shifts Focus from EV Production to Grid-Scale Energy Storage

Ford Motor Company is pivoting its focus from electric vehicle production toward grid-scale energy storage through its wholly owned division Ford Energy. This strategic shift follows a reported $20 billion write-down in the EV segment and includes a major five-year deal with EDF for up to 20 gigawatt-hours of battery storage systems.

By Barchart Insights Tue, May 19, 2026 at 6:52 PM GMT+3 4 min read · Yahoo Finance · May 19, 2026, 15:52 UTC

Tickers: $F

Topics: Automotive Industry Electric Vehicles Energy Storage Strategic Pivot

Read the full article at Yahoo Finance

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