Ford and GM pivot after $30.4 billion in EV write-downs

Sep 7, 2026 20:00 (48d ago)

Verifying

Ford and GM are repurposing underused EV battery capacity for energy-storage businesses.
Ford plans to invest roughly $2 billion over two years to scale storage operations.
U.S. storage installations reached 20.2 GWh in the second quarter of 2026.

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