Ford scales back EV plans with exit from Canadian cathode project

Ford has withdrawn from a $1.2 billion cathode joint venture (JV) with South Korea’s EcoPro BM and SK On in Canada, the latest signal that western automakers are dialling back on electrification plans on slower than expected demand for electric vehicles (EV). “Despite Ford’s exit, the project will still move forward,” said Evan Hartley, research […]