Yonhap Infomax NewsFord Motor shares surged 13% following the US-China summit, with Morgan Stanley highlighting the automaker's $2 billion CATL battery partnership as a potential $10 billion ESS business opportunity, positioning Ford to supply power to AI hyperscalers rather than compete directly with Tesla in electric vehicles.
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Ford Motor Emerges as Surprise Beneficiary of US-China Summit as Shares Surge 13%
Ford Motor shares surged 13% following the US-China summit, with Morgan Stanley highlighting the automaker's $2 billion CATL battery partnership as a potential $10 billion ESS business opportunity, positioning Ford to supply power to AI hyperscalers rather than compete directly with Tesla in electric vehicles.