GM and Ford Expand Century-Old Rivalry Into Defense and Energy Storage

IndustryM&A · PartnershipCorporate Action Impact 4
โดย Insider Monkey·US·Read original
Summary · why it matters

General Motors and Ford are taking their century-old rivalry into defense contracting and energy storage, CNBC reported on September 5. Ford joined GM this year in seeking U.S. military contracts after the Trump administration approached domestic automakers about using their mass manufacturing expertise, but GM is years ahead, already building a backlog around a U.S. Army contract for Infantry Squad Vehicles that could exceed $1 billion depending on congressional appropriations, and GM expects its 2026 defense revenue to grow to almost $700 million while targeting positive earnings in the segment this year. Both companies are also entering the energy storage system market, betting on rising electricity costs and data center power demand, with the global Energy Storage System market projected to grow from $668.7 billion in 2024 to $5.12 trillion by 2034. Ford Energy sits within its Model e electric vehicle segment, which is guided to a $4 billion loss in 2026 before targeting breakeven by 2029, and CEO Jim Farley told investors in July that Ford is in the third inning of selling out 20 gigawatt-hours of energy storage production capacity, backed by a five-year framework agreement with EDF Power Solutions North America.

Impact on stocks 3

Electrification & Mobility▲ · 2 stocks
Ford Motor Company
F
▲ PositiveDemandrelevance

Ford joined GM in seeking U.S. military contracts and is selling out 20 GWh of energy storage capacity under a five-year EDF framework agreement

General Motors Company
GM
▲ PositiveDemandrelevance

GM is years ahead with a U.S. Army Infantry Squad Vehicle contract potentially exceeding $1 billion and expects 2026 defense revenue near $700 million

Artificial Intelligence▲ · 1 stocks

Theme Impact 3

Off-coverage companies 1

EDF Power SolutionsPrivate▲ Positive
Demandrelevance

EDF Power Solutions North America signed a five-year framework agreement backing Ford's 20 GWh energy storage capacity

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