Shares of major automakers, including Ford Motor Company (NYSE: F), trading higher amid a general market recovery, as equities continue to lose some losses after Monday’s sell-off.
Ford and Redwood Materials also announced today that they are partnering to build battery recycling and a domestic battery supply chain for electric vehicles.
Ford and Redwood say their goal is to make electric vehicles more sustainable, reduce battery costs and ultimately help make electric vehicles accessible and affordable for more Americans.
Ford Motor Co. produces cars under the Ford and Lincoln brand names. The company has approximately 14% market share in the United States and approximately 7% in Europe. Ford has approximately 186,000 employees, including approximately 58,000 UAW employees, and is headquartered in Dearborn, Michigan.
Ford shares are trading 3.6% higher at $13.24. Ford has a 52-week high of $16.46 and a 52-week low of $6.41.
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