GM, Ford pivot underused EV battery lines to grid storage to tap data-center demand

GM and Ford, after writing down billions in EV capacity due to weak demand, are repurposing underutilized battery plants for energy storage systems, targeting surging demand from data centers and grid infrastructure. This marks a strategic pivot from EV manufacturing to stationary storage, leveraging existing assets to offset losses. The move signals a shift in the auto industry's battery strategy and could impact the energy storage supply chain.