Ford Acquires AMP To Boost EV Technology For Undisclosed Price

Ford Motor Co. has acquired Auto Motive Power (AMP), a Los Angeles-based startup that develops energy management technologies for electric vehicles (EVs), for an undisclosed price.

AMP was founded in 2017 and has raised $26.5 million in funding. The company’s flagship product is the AMP Energy Management System (EMS), which combines cloud, battery management, and charging solutions to maximize vehicle range and ensure safe battery operation.

Ford said it acquired AMP to bring its energy management expertise in-house and accelerate the development of its EV technology. The acquisition aligns with Ford’s broader strategy of vertical integration in EV production.

“Bringing AMP’s energy management technologies in-house will allow us to optimize both cost and performance while improving experiences for our customers,” said Alan Clarke, Ford’s EV development boss.

AMP CEO Anil Paryani said his team is “excited to start a new journey and integrate our energy management technologies into Ford’s winning EV portfolio.”

The acquisition of AMP is Ford’s latest move to bolster its EV credentials. It is also a sign of the growing importance of energy management in the EV market. As EVs become more mainstream, automakers and suppliers are increasingly focused on developing technologies that can improve range, performance, and safety.

More Articles for You

XPeng’s New X9 Added To Malaysia’s Sime Darby Port Folio

Seen as a viable rival to Tesla, China’s XPeng intends to enter the right-hand drive (RHD) market in 2024, even …

Just Previewed In The Philippines, Can We Expect Chery’s New eQ7 EV In Malaysia?

Chery was undoubtedly one of the stars at the 2024 Manila International Auto Show in the Philippines. In addition to …

Malaysia’s Popular Perodua Brand Teases New Models Ahead Of Brunei Debut

Having just celebrated its 30th anniversary, Malaysia’s popular brand Perodua has hinted on social media that it plans to launch …

Global Award Winning Kia EV9 Opens For Bookings In Malaysia

After launching in Thailand last month, Kia has now announced that reservations for its flagship EV9 electric SUV, which was …

Jaecoo Starts Bookings In Malaysia For Its J7 SUV

Hailing from the huge Chery group, the Jaecoo J7 has landed. Bookings for the J7 are now being accepted, according …

Tesla Opens First Supercharger Station In Penang

Penang now has its first Tesla Supercharger station after the location went online at the Sunway Carnival Mall in Seberang …