CATL will provide technology and service support for the production of the LFP battery plant, while Ford will be responsible for cell and vehicle integration.

Notably, the company will use technology supplied by Chinese power battery giant CATL.

Ford has a new agreement with CATL, which will provide technical and service support for the production of the LFP battery plant, and Ford engineers will work on cell and vehicle integration, it said.

The partnership with CATL will help Ford further increase battery capacity and introduce new battery technologies, Ford said, adding that it has previously partnered with LG New Energy and SK On on power batteries.

CATL is the world's largest power battery manufacturer, with 191.6 GWh of batteries installed in 2022 and a market share of 37.0 percent, according to a February 8 report by South Korean market research firm SNE Research.

LG Energy Solution had an installed base of 70.4 GWh of power batteries in 2022, ranking second in the world with a 13.6 percent market share.

SK On had an installed base of 27.8 GWh in 2022, taking fifth place with a 5.4 percent market share.