Ford’s hottest business right now has absolutely nothing to do with cars |
Ford’s hottest business right now has absolutely nothing to do with cars
The automaker’s surprise rally is being fueled by a new business selling batteries to AI-hungry data centers instead of drivers.
Ford BlueOval Battery Park in Marshall, Michigan. [Photo: Jim West/UCG/Universal Images Group via Getty Images]
Automakers not named Tesla aren’t accustomed to dramatic stock spikes, but Ford is on a run of its own right now.
Earlier this month, the all-American car company introduced its new venture to sell its batteries to data centers. In the weeks since, Ford’s stock is up by more than 30%, hitting highs the automaker hasn’t seen since 2022—growth powered by a business without four wheels.
Ford’s buzzy new side hustle, Ford Energy, offers the carmaker an........