“But LFP is definitely going to be part of our future EVs, and that is a very important cost-reduction step in our path for the Gen 2 vehicles.”

In context

“2 vehicles that are profitable and deliver ultimately the 8% target that we’ve set for them. Rod Lache: Okay. And just secondly, I’m assuming that you still view vertical integration and batteries and LFP is critical to achieving your cost targets. Just given all of the issues around that, can you just – and some of the pauses or delays that you’ve got on some of these plants, can you just give us an update on what the trajectory is to achieving those lower costs in batteries, and how is your plan changing? John Lawler: Yes. So, we’re continuing to move forward with the vertical integration on the battery itself, working on cell design. We’re working on the chemistries. As we said, we have no real change to what we’ve put out forward before on BlueOval Park battery plant here in Michigan. But LFP is definitely going to be part of our future EVs, and that is a very important cost-reduction step in our path for the Gen 2 vehicles. So, it’s a combination of all of that. It’s a combination of the battery size and the efficiency of the vehicle to get the lowest watts possible to hit the ranges that we’re looking to hit. It’s the vertical integration across the vehicle, the vertical integration across the battery, and then as well as the chemistries. And all of that comes together to drive the cost reductions we need and the team is working toward is that part of the vehicle’s target. Rod Lache: Okay. Thank you. Operator: And our final question today comes from Emmanuel Rosner with Deutsche Bank. Please go ahead. Emmanuel Rosner: Thank you very much. So, I appreciate your candid assessment of the EV business and as well as all the actions that you detailed in terms of trying to reduce the investment and losses in the n”