US Stock Market Move | Ford Motor Company (F.US) rose more than 8% as it enters the large-scale energy storage market with Contemporary Amperex Technology technology.
On Wednesday, Ford Motor Company (F.US) surged more than 8%, to $12.97.
On Wednesday, Ford Motor Company (F.US) rose more than 8% to $12.97. In terms of news, on May 12, Ford announced the establishment of a wholly-owned subsidiary, Ford Energy, to enter the large battery energy storage market officially in partnership with Contemporary Amperex Technology. The first standardized containerized DC energy storage system will be deployed at the former Glendale Battery Factory in Kentucky, marking its transformation from a traditional car manufacturer to a high-growth energy storage player.
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