{"id":566937,"date":"2023-03-31T11:30:16","date_gmt":"2023-03-31T06:00:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=566937"},"modified":"2023-03-31T11:30:16","modified_gmt":"2023-03-31T06:00:16","slug":"ford-in-4-5-billion-deal-for-ev-battery-materials-plant","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ford-in-4-5-billion-deal-for-ev-battery-materials-plant\/","title":{"rendered":"Ford in $4.5 billion deal for EV battery materials plant"},"content":{"rendered":"<p>US carmaker Ford has joined PT Vale Indonesia and China&#8217;s Zhejiang Huayou Cobalt&#8217;s as their new partner in a $4.5 billion nickel processing plant in Indonesia, the companies said on Thursday.<\/p>\n<p>The investment is Ford&#8217;s first in the Southeast Asian country and underscores growing appetite among automakers for raw materials used in producing electric vehicle (EV) batteries, which account for about 40% of a vehicle&#8217;s sticker price, aiming to cut costs and close the gap on EV market leader Tesla.<\/p>\n<p>Volkswagen, Europe&#8217;s biggest automaker, this month said that it would invest 180 billion euros ($196 billion) over five years in areas including battery production and the sourcing of raw materials.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US carmaker Ford has joined PT Vale Indonesia and China&#8217;s Zhejiang Huayou Cobalt&#8217;s as their new partner in a $4.5 billion nickel processing plant in Indonesia, the companies said on Thursday. The investment is Ford&#8217;s first in the Southeast Asian country and underscores growing appetite among automakers for raw materials used in producing electric vehicle (EV) batteries, which account for about 40% of a vehicle&#8217;s sticker price, aiming to cut costs and close the gap on EV market leader Tesla. Volkswagen, Europe&#8217;s biggest automaker, this month said that it would invest 180 billion euros ($196 billion) over five years in [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-566937","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/566937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=566937"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/566937\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=566937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=566937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=566937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}