Ford stock jumps on optimism for energy storage unit
Ford Motor shares rose 13 percent on Wednesday after Morgan Stanley analysts praised the company's new energy storage business. The unit will use licensed CATL battery technology to serve data centers and utilities, with first deliveries expected in late 2027.
FORD MOTOR CO shares jumped 13% Wednesday as investors backed the automaker's pivot into the industrial energy storage market. The rally marks the largest single-day gain in approximately six years. Markets are reacting to analysis highlighting the scale of the new subsidiary's battery technology partnerships.
### Repurposing EV Capacity for Data Centers Ford is converting Kentucky plant space, originally slated for electric vehicle batteries, into a dedicated energy storage production hub. The move follows a $19.5 billion writedown on its EV programs in December. Ford's facility will produce LFP prismatic batteries, an iron-based chemistry designed for utilities and data centers.
