NYSE:FAuto
Ford Expands Into Battery Storage As Investors Weigh Valuation And Growth Potential
Ford Motor (NYSE:F) has launched a new battery energy storage systems business, expanding its activities beyond electric vehicle manufacturing.
Lisa Drake has been appointed president of the new unit, which will focus on battery energy storage solutions.
The initiative includes repurposing existing facilities and a significant capital commitment to build out the new business.
Ford Motor (NYSE:F), recently trading around $13.88, enters this move with a track record of substantial multi year...