“I think the most important thing strategically is to get to new chemistries that have a lot less expensive materials in them. And we see that right around the corner at Ford.”

In context

“year. Tom Narayan: Thanks. And maybe as a follow-up, maybe this is something that could help here is battery raw mat costs, we have lithium down like 80% since the peak in 2022. Could you just remind us of how your contracts work? I think there's -- we've heard from some other OEMs that there's still some benefits to come, actually getting better, given how contracts work and you could actually see benefits on battery raw mats later in the year. John Lawler: Yeah, we're seeing the same thing. We're no different. Jim Farley: I would say that the biggest leverage on the battery cost is still going to be taking nickel out of them and those kind of things. It's great to see the easing of some of the raw materials, and that will definitely cascade into our business, depending on our contracts. I think the most important thing strategically is to get to new chemistries that have a lot less expensive materials in them. And we see that right around the corner at Ford. And we're changing our launch timing to take advantage of that. Operator: Our final question today is from James Picariello with BNP Paribas Exane. Please go ahead. James Picariello: Hi everyone. Just back on Joe's question regarding this year's heavy slate of model launches. I know the hyperfocus is on improved launch quality. I believe, Jim, you mentioned at some point Ford Pro lost $1 billion in profit last year from a more delivered Super Duty launch, excluding the impact from the strike. My question is, we already saw the F-150 refresh this quarter result in 60,000 units getting pushed. Is there a risk to Ford Blue's guide from lower launch volumes? Is this already factored into the range or is it mainly expected Ford will avoid any material slowdown from here? John Lawler: It’s alre”