Ford Stock Surges 20% On Grid Battery Subsidiary Launch #
Inside the repurposed Glendale, Kentucky manufacturing plant, industrial workers are assembling shipping-container-sized battery energy storage systems instead of consumer passenger vehicles. Ford Motor Company formally launched its Ford Energy subsidiary this week, according to a corporate release. The pivot to stationary thermodynamic baseloads sent the automaker's stock surging 13% on Wednesday and an additional 6% on Thursday, per CNBC data. The facility now houses high-volume production lines for electrode coils and massive grid-scale container modules, according to Design and Development…