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Navitas Systems announced 82 job layoffs. The company also plans to close one or two of its Ann Arbor locations. These changes stem from a business refocus by its owner. East Penn Manufacturing is strengthening its Motive Power Lithium battery business. The layoffs are scheduled from July 11 to October 31.
Ann Arbor, MI
https://www.msn.com/en-us/news/us/82-workers-laid-off-closures-coming-for-ann-arbor-energy-storage-provider/ar-AA23cDpL
Stock jumped, kind of like in 2022 when FLV had the media convinced we were a software and subscription company. But batteries don’t buy many subscriptions.
Sell, before the fall.
"Ford said in December it would convert a Kentucky battery factory it had recently built with partner SK On to make batteries for energy storage."
https://www.cnbc.com/2026/01/15/ford-gm-tesla-energy-storage.html?msockid=136b0a7046ac65ab299a1d6647a964f2
OMG. Ford is testing Energy storage system that Tesla implemented in 2012. Ford said that no one in the industry is doing this, so it's a lie. Well, I hope this will help Ford to make some money. Let's see if it's going to burn down any houses.
All In interviews Energy Secretary Chris Wright
https://www.youtube.com/watch?v=0k3DJbd4tns
https://www.bloomberg.com/news/articles/2025-08-19/ford-seeks-to-sell-excess-battery-supply-in-weakened-ev-market
https://www.marketscreener.com/news/ford-sk-on-seek-buyers-for-surplus-battery-supplies-from-kentucky-venture-ce7c51ddda80f622
Please, somebody buy some of these batteries so I can have a job at BOSK KY.