Ford now makes batteries for catl

[syed putra]

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Ford shares surge after launch of power unit for data centresNew subsidiary pivots to energy storage batteries for AI after disastrous electric vehicle writedownProduction at Ford’s Blue Oval battery park, under construction in Marshall, Michigan, is expected to begin this year © Jim West/UCG/Universal Images Group/ Getty ImagesFord shares surge after launch of power unit for data centres on x (opens in a new window)Ford shares surge after launch of power unit for data centres on facebook (opens in a new window)Ford shares surge after launch of power unit for data centres on linkedin (opens in a new window)Ford shares surge after launch of power unit for data centres on whatsapp (opens in a new window)SaveChristian Davies in New YorkPublishedMAY 15 2026UpdatedMAY 15 2026, 04:2519Print this pageUnlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in Detroit carmaker Ford surged more than a fifth over two days, the sharpest jump since 2020, on investor hopes that its new energy unit will profit from the US data centre boom.Ford launched its new subsidiary, Ford Energy, on Monday as part of a pivot away from electric vehicles and towards providing battery storage capacity for Big Tech giants building AI data centres, deploying technology licensed from Chinese battery giant CATL