Ford Motor shares jumped 6.7% on Thursday and 13% the prior day after announcing Ford Energy, a subsidiary offering U.S.-assembled battery energy storage systems, leveraging technology from Chinese partner CATL, amid a U.S.-China summit and analyst predictions of potential supply agreements with large commercial customers.
Ford Motor shares jumped over 6% on Thursday, following a 13% gain the prior day, driven by buzz around its new energy storage subsidiary, Ford Energy, and its potential to leverage Chinese technology amid improving US-China relations.
Morgan Stanley analyst Tim Hsiao states that international carmakers must collaborate with Chinese suppliers to compete with Chinese carmakers, as evidenced by Ford's $3 billion EV battery plant with CATL in the US, despite initial opposition due to frayed US-China relations.
Ford Motor Co. is set to report first-quarter results Wednesday with Wall Street expecting 19 cents adjusted EPS and $38.82 billion in automotive revenue, representing a 35.7% EPS increase and 3.7% revenue growth year-over-year. Investors will closely watch impacts from the Iran war, tariffs, and supply disruptions at aluminum supplier Novelis following two fires, alongside any updates to $19.5 billion in special charges related to the company's EV restructuring.
