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Ford plans to extend EV manufacturing to 600,000 automobiles in 2023 – Information by Automobilnews.eu

Ford plans to extend EV manufacturing to 600,000 automobiles in 2023


Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, Might 19, 2021.

Rebecca Prepare dinner | Reuters

Ford Motor plans to extend its manufacturing capability of electrical automobiles to 600,000 items globally by 2023, which CEO Jim Farley expects would make the corporate the second-largest U.S.-based producer of EVs behind Tesla.

Farley stated the rise is double what the corporate initially anticipated to do over the subsequent 24 months, in keeping with a report Thursday from Automotive Information. That manufacturing is anticipated to be unfold throughout Ford’s first three new EVs: the Mustang Mach-E, F-150 Lightning and E-Transit. It could come earlier than manufacturing is anticipated to start at a newly introduced EV meeting plant in Tennessee, in keeping with the Detroit-based publication.

“The demand is a lot increased than we anticipated,” Farley stated. “It is a actually new expertise for this huge firm, attempting to be agile. We needed to method it very otherwise than we have finished capability planning.”

It is unclear if 600,000 would place it second behind Tesla. Basic Motors plans to promote 1 million electrical automobiles globally by 2025. Tesla stated in its third-quarter investor replace that the put in annual capability at its Fremont, California car meeting plant stands at 600,000, and in Shanghai at greater than 450,000 vehicles per yr. And the corporate is constructing new factories close to Berlin, and Austin, Texas.

A GM spokesman stated the automaker was approaching 300,000 EV gross sales globally by means of the primary 9 months of this yr, largely in China. GM additionally plans to transform not less than 4 North American crops at present producing automobiles with inside combustion engines to be able to producing EVs within the coming years, along with crops in China and Michigan that already produce such automobiles.

In connection to the rise in EV capability, Farley stated Ford plans to transform greater than 80% of reservation holders for its upcoming F-150 Lightning EV into house owners. Ford says greater than 160,000 reservations that require a $100 totally refundable deposit have been positioned for the car forward of its arrival in dealerships by mid-next yr.

– CNBC’s Lora Kolodny contributed to this report.

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Ford plans to extend EV manufacturing to 600,000 automobiles in 2023 – Information by Automobilnews.eu
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