Ford, one of the largest automobile manufacturers in the world, develops by keeping up with time and technology. In line with this, the company, which made a statement at the beginning of the year, announced that they will shift their production lines to completely electric by 2030. The US auto giant will only sell electric vehicles from this date on.
So much so that Ford set aside 1 billion dollars to open an electric vehicle production factory in Cologne, Germany. Taking firm steps forward in line with its targets, the company announced its first plan for the near future. Accordingly, the auto giant will challenge Tesla in production in the next two years.
Ford will produce 600,000 vehicles in two years
Ford, which wants to become the world’s largest electric car company, is doubling its production capacity. The company wants to produce 600 thousand vehicles by the end of 2023. The vehicles planned to be produced are expected to be the generally acclaimed Mustang Mach-E and F-150 Lightning. Finally, CEO Jim Farley made statements on the subject on Twitter;
In the next few years, we aim to become the second largest electric car manufacturer after Tesla. Then, we will grow as our large investments come into play. Our goal is to become the world’s largest EV manufacturer. We now plan to produce 600,000 EVs per year globally by the end of 2023. This number is exactly double our original plan.
Jim Farley stated that the demand for electric vehicles coming to them is much higher than they expected. He especially emphasized that the Mustang Mach-E is sold on three continents. The company CEO stated that the F-150 Lightning has more than 160,000 reservations.
The popularity of the Mustang Mach-E and the high demand for the F-150 Lightning are the main factors behind the doubling of production capacity. The company had originally planned to increase its production last month. Ford said that they would invest $250 million in this direction.
In addition, Ford has made significant investments in the batteries of electric vehicles. Introducing the Blue Oval City two months ago, the company will produce next-generation electric F-Series pickups and advanced batteries here. The facility will partner with SK Innovation, a major battery cell manufacturer. The company has invested over $11 billion for this. Ford is pretty confident that it will meet these goals, albeit overshadowed by the global chip shortage.
Do you think Ford will be the first in the world with his astronomical investments? Does Ford give you confidence when it comes to electric vehicles? Please share your thoughts with us in the comments section.
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