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

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

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

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

Suppliers in South Korea and China are struggling with unsold products

This scenario highlights the interconnectedness of the automotive industry

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