Ford is the No. 2 seller of electric vehicles in the US. It’s very proud of that fact, but the amount of cash it had to burn to get there is enough to make you wonder whether it can keep that title. 'The company reported its first quarter earnings last night, and woo boy, it’s rough' The company reported its first quarter earnings last night, and woo boy, it’s rough. Ford said it lost $1.
” Another thing it says will help bring its EV business into balance is new technologies, like “new battery chemistry and formats to substantially reduce the cost of the batteries for that vehicle.” These include a lithium iron phosphate chemistry that Ford says is more durable, faster charging, and more affordable than its current lineup of EVs, which largely rely on nickel cobalt manganese chemistries.