Ford Cuts Battery Orders as EV Losses $100,000 Per Car

Ford begins cutting supplier battery orders as the electric vehicle market soured.

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As demand for EVs declines, the automaker is altering its strategy for them.

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Suppliers in South Korea and China, key players in the global battery supply chain

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Suppliers in South Korea and China are struggling with unsold products

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This scenario highlights the interconnectedness of the automotive industry

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The success of its revised EV program will not only affect its bottom line but also determine its position

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