Mobility

Ford begins first U.S. production of LFP battery cells, to fit in $30,000 electric pickup in 2027

Ford has begun producing lithium iron phosphate (LFP) battery cells in the United States as it steps up efforts to target the mass-market electric vehicle segment. The company produced its first LFP cells at its BlueOval Battery Park in Michigan, with plans to use them in a mid-size electric pickup priced in the $30,000 range due in 2027. Ford licensed technology and manufacturing processes from China’s CATL and also plans to use the batteries in energy storage systems.

People

NH Nonghyup Bank supports national merit honorees with Hecto Financial

NH Nonghyup Bank carried out a social contribution programme for national merit honorees and veterans’ families during the month of remembrance. The bank said it donated 1 ton of Korean rice with Hecto Financial to the Jung-gu Patriots and Veterans Hall in Seoul on June 17 and held a sharing event. Volunteers served meals and the bank also promoted free sign-ups for voice phishing compensation insurance for eligible people.