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Ford secures supply of battery minerals from ASX-listed resource companies

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Ford plans to build 2 million EVs per year by the end of 2026 and is actively sourcing raw materials from miners and battery capacity from manufacturers. Ford Motor Company announced this week it would push through a number of deals to accelerate electric vehicle (EV) manufacturing to meet global demand. The American multinational automaker is sourcing battery capacity and raw materials to enable it to build 600,000 EVs by the end of 2023, with the annual global EV operating rate expected to increase to more than 2 million by the end of 2026. As part of this, battery maker China Contemporary Amperex Technology Co., Ltd (CATL) has agreed to provide Ford with a full lithium-iron-phosphate (LFP) battery pack for the Mustang Mach-E model for North America next year, and a battery pack the same for the F-150 Lightnings model in early 2024. The company has now supplied about 70% of the battery cell capacity needed to support its annual operating rate by the end of 2026. In reaching 600,000 E

Meet the chief executive of an ASX-listed company who receives 5% of his salary in bitcoin

But later in my career while I was at Bendigo Bank, I began to see that the technology that underpins Bitcoin has the potential to dramatically change finance and financial equity. So I started modeling to see how cost-effective it would be to use this technology, then I ended up at NAB and started looking at it on a larger scale. At NAB, I worked on several projects including Project Moon on syndicated lending, and what turned into Project Atom, which is a central bank digital currency project with the RBA. But these kinds of projects take years and are never seen, so I pretty much work undercover. Then suddenly, there was this beautiful little company that actually allowed me to develop this model in depth. I really feel like this is an opportunity to bring everything I’ve been working on into one space. Are you investing in bitcoin yourself? Yes, we all have our own wallets, and we have watched them go down every weekend. I would like to say that I have not transacted personally