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$9.6 billion.
That’s how much Ford (NYSE: F) just got from the Department of Energy (DOE) to boost their EV battery capacity here in the U.S.
It’s their latest effort to catch up with Tesla in the EV race.
But Elon Musk will likely put an end to their dreams as he implements THIS.
Go here now for urgent details.
Ford’s new loan is the largest one in the HISTORY of the DOE.
And it will be used to build three EV battery factories.
Back in 2021…
Ford revealed plans for their new BlueOval City, which is supposed to be “the largest, most advanced and efficient auto complex.”
It will consist of three battery factories in collaboration with SK Innovation.
And one of the main goals of these factories is to generate 129 GWh of battery cells per year.
This will help Ford reach their EV production target: 2 million EVs per year by 2026.
And this highlights what I’ve been saying for a year now.
Consumers continue to embrace EVs…
Automakers are transitioning toward EVs…
Governments are encouraging that EVs replace combustion engines.
And that means there’s a massive need for EV batteries…
… which is creating a TIDAL wave of demand for EV battery metals.
Ford wants to build 2 million EVs per year…
Tesla wants to produce 20 million a year…
And one thing they both need is batteries to reach their goals.
That’s why they’re already sparking a MASSIVE battery metal “land grab”…
… and why every automaker including Tesla, Ford, General Motors, Volkswagen and Toyota are rushing to secure critical partnerships to produce millions of batteries.
They’re signing deals with undiscovered stocks.
And the size of these deals is massive:
- $186 million deal to acquire 80,000 pounds of cobalt per year
- $1.7 billion agreement to buy nickel from a midwestern mining stock
- $5.1 billion agreement to buy lithium from an Australian company
Dozens of new deals could be announced in the coming weeks.
And once they’re announced – shares can quickly jump 132%… 548%… 614%.
In fact, that’s how much some stocks have jumped after an announcement.
As always, investors who act BEFORE these deals hit the news are the ones who have the chance of the biggest gains.
The question is…
What’s the NEXT stock inking a billion-dollar deal?