https://techcrunch.com/2022/07/21/ford-adds-battery-capacity-lfp-chemistry-to-scale-global-ev-business/ > Ford said Thursday it has shored up its battery supply chain as part of its global strategy to sell more than 2 million EVs annually by 2026. > The automaker, which is investing $50 billion to scale its battery-electric portfolio through 2026, said it plans to boost battery capacity, shorten its supply chain and use lithium iron phosphate (LFP) batteries for some of its EVs. LFP batteries are a less expensive cell chemistry growing in popularity among automakers competing for share in the burgeoning EV segment.