Shiba Inu Whale Activity Jumps 540%: Over 765B SHIB Inflows Drive Price Speculation 
'Unusually' Large Bitcoin ETF Inflows Signal Potential Decline, Sparking Warnings from Analysts 
Tesla Semi Demand Hits 'Ridiculous' Levels: Musk Says Traditional Trucks Face a Major Shake-Up 
Are managers at risk in an AI-driven future? 
Pennsylvania House Advances Pro-Crypto Bill, Exempting Digital Assets from Extra Taxes in Landmark Vote 
Tesla's New Model Y in China Signals Major Design Overhaul Coming Soon 
Ford CEO Jim Farley Raves About Xiaomi’s Sold-Out SU7 After Driving It for Six Months 
Ethereum Whale Dumps 3,000 ETH as ETH/BTC Pair Nosedives to Fresh Lows, Market Braces for More 
Microsoft's Bitcoin Move Could Spark Tech Domino Effect, Anthony Pompliano Suggests 
Wall Street Praises Tesla's Q3 Earnings: Margin Boost from FSD, Lower Costs, and Volume Leverage 
Solana, XRP ETFs Brace for Election Impact as Trump Eyes Pro-Crypto SEC Leadership Change 
XRP's Path to $95? Analyst Sees Netflix-Style Rally for the Crypto’s Price 
80% of Spot Bitcoin ETF Demand Comes from Retail Investors as Inflows Reach $21.6B 
Mercedes-Benz Q3 Car Earnings Plunge 64% Amid China’s Luxury Market Slowdown 
SpaceX Rapidly Fires Raptor Engine 34 Times in Record-Breaking Stress Test 
MOODENG Skyrockets 90% After Binance Launches 75x Leverage Futures Contract 
Microsoft Puts Bitcoin on the Line as Shareholders Gear Up for High-Stakes December Vote 
In a major move for U.S. EV production, Ford and LG Energy Solution will relocate Mustang Mach-E battery manufacturing from Poland to Michigan by 2025. The shift aligns with IRA tax incentives, designed to encourage domestic EV supply chains.
Ford and LG Realign EV Battery Production for Tax Credit Benefits
The production of electric vehicle batteries for the Ford Mustang Mach-E will be relocated from Poland to LG's Michigan factory in 2025, as per a newly signed deal between the two firms, Electrek shares. Obviously, this is highly relevant to individual retirement accounts and tax credits.
New Agreement Aims to Harness Competitive U.S. Market Conditions
"To capitalize on competitive market conditions," the new agreement states, relocating production of Ford Mach-E batteries to the United States. This will allow the batteries to take advantage of the varied incentives offered by the American government. Starting in 2026, LG intends to supply Ford with 109 GWh of batteries for its electric commercial vans, taking advantage of subsidies in Europe.
"These agreements attest to our experience and expertise in powering commercial vehicles with innovative battery technologies designed to handle extreme user environments," stated David Kim, CEO of LG Energy Solution. "Capitalizing on our local production capacity, we will secure leadership in the European market and deliver unmatched values to our customers through advanced battery technologies that effectively address diverse needs."
Ford Leverages IRA Tax Credit to Boost Domestic EV Battery Chain
In order to be eligible for the (up to) $7,500 New Clean Vehicle Tax Credit on PHEVs and EVs, several automakers, including Ford, have entered into strategic arrangements to expand their American battery supply chains.
LG’s $3 Billion Michigan Investment to Supply U.S.-Built EVs
In a related development, LG Energy said that it will be investing $3 billion in its battery factory in Michigan to supply lithium to Toyota. This lithium will be utilized in the batteries of future electric vehicles manufactured in the United States.
Ford’s Broader Battery Production Push Includes SK On in Kentucky
Along with the agreement with LG, Ford also has a contract with SK On to manufacture batteries in Kentucky for the upgraded E-Transit commercial van and F-150 Lightning electric pickup starting in the middle of 2025.
