Ford has initiated reductions in orders from battery suppliers in response to mounting losses in the electric-vehicle sector, Keith Naughton, Archie Hunter, and Heejin Kimof Bloomberg reported, citing sources familiar with the situation. This move comes as Ford scales back its ambitions in a market for plug-in models that is showing signs of slowing down. Despite these adjustments, Ford reportedly remains committed to its partnerships with battery suppliers, which include SK On Co. and LG Energy from South Korea, as well as China’s Contemporary Amperex Technology.
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