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Ford Energy Launch Adds New Battery Storage Angle To Ford Story
Ford Motor (NYSE:F) is launching a new battery energy storage business, Ford Energy.
Lisa Drake has been appointed president of the new unit, focusing on stationary battery storage solutions.
The move marks Ford’s entry into the growing U.S. battery storage market, expanding beyond vehicle manufacturing.
Ford Motor, trading at $14.0, is adding a new line of business as it looks beyond its core automaking operations. The stock has posted a 48.0% return over the past year and 62.3% over five...