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Ford and General Motors Want In on the Energy Craze. Which Stock Will Win?

The Motley Fool·
Ford and General Motors Want In on the Energy Craze. Which Stock Will Win?

Ford and General Motors are pivoting away from struggling electric vehicle businesses to capitalize on surging electricity demand from AI and data centers. Ford launched Ford Energy in May with plans to convert plants in Kentucky and Michigan to build battery energy storage systems, targeting $500 million in operating profits by 2030 and securing a multiyear deal with EDF Power Solutions. GM is taking a broader but slower approach, converting a Tennessee plant for sodium-ion cell production and battery recycling, with revenue generation not expected until 2028. Ford is positioned to win in the short to intermediate term due to its clearer revenue path and earlier timeline.

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