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Ford is ditching some of its electric-vehicle plans, and while that may not sound very Tesla-like, another of Ford’s new moves does.
The Detroit automaker plans to invest $2 billion over the next two years to develop an energy-storage and -generation business that caters to commercial and industrial customers. Ford
F added that it would repurpose its existing battery-manufacturing capacity in Kentucky to make several components for that business, including lithium-ion phosphate batteries.
