General Motors and Ford are shifting focus from their troubled electric vehicle battery ventures, redirecting resources toward energy storage solutions. After scaling back EV battery production amid cost and supply chain challenges, both automakers are now exploring ways to repurpose their expertise in battery technology for grid-scale energy storage. Industry analysts suggest this pivot could align with growing demand for renewable energy infrastructure, offering a new commercial path for their battery divisions. The move reflects broader trends as automakers seek alternative revenue streams beyond traditional vehicle sales.
GM, Ford Turn EV Battery Bust Into Energy Storage Bet Crude Oil Prices Today | OilPrice.com
