Ford Launches New Battery Storage Subsidiary Targeting Utilities and AI Data Centers
Ford Motor Company announced a new subsidiary, Ford Energy, focused on large-scale battery storage systems for utilities, industrial customers, and AI data centers. The company plans to invest $2 billion in the venture, with Morgan Stanley valuing it at $10 billion and projecting annual EBIT of approximately $588 million at scale.
Tickers: $F
Topics: automotive industry pivot battery storage Ford Energy subsidiary M&A and partnerships