By TechThop Team
Posted on: 23 Jul, 2022
Ford is refining its plan to expand EV production by using new battery materials. In North America, the Mustang Mach-Es sold in 2023/early 2024.
As well as the F-150 Lightning sold in early 2024, the automaker expects to produce 600,000 EVs per year by late 2023 thanks to lithium iron phosphate battery packs.
The chemistry expands Ford's capacity, allows for long-term usage with little range loss, reduces manufacturing costs, and reduces dependence on nickel shortages.
A Mustang Mach-E will make nearly half (270,000) of those 600,000 EVs for China, Europe, or North America.
Ford said it has secured enough battery capacity to meet this target, and 70 percent of what it needs for a 2 million EVs per year target by late 2026.
The F-150 Lightning will account for 150,000 EVs in North America; the Transit van will be 150,000 and the SUV will be 30,000.
A report earlier this week claimed Ford might cut up to 8,000 jobs to fund its EV plans.
GM has committed $50 billion to electrification and split its combustion and EV divisions to help with the electric transition.
Ford had previously mentioned 600,000 EVs as a production target. The faster development of batteries and narrower timeframe paint a clearer picture of how the growth might occur.
As of now, the company is under increasing pressure to ramp up production.
It only built 27,140 EVs in 2021, and it's backlogged - you can't even place a standard retail order for the 2022 Mach-E because of demand.
The upgraded scale is more about catching up than preparing for the all-electric future.
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