With great motivation for the demand for its electric cars, the Ford announced this week that it will make a series of plans to increase the capacity of the battery supply and produce more than 2 million cars electricity until the end of 2026. According to the company, the plan involves the production of 600 thousand electric cars at the end 2023.
The automaker also revealed that it expects the annual growth rate of EVs to increase 90% 4 years from now, that will more than double the predicted growth of the global industry. The company still plans to invest in the near future $50 billion in the production of electric vehicles, maintaining current sustainability and human rights commitments to achieve global carbon neutrality by 2050.
Jim Farley, president and CEO of Ford and president of Ford Model, said: “Ford’s new line of electric vehicles has generated great interest and demand, and we are now putting the manufacturing system to work at full speed. Our Modeling team went with speed, focus and creativity to acquire the capacity to supply the batteries and raw materials we need to deliver the vehicles. innovative electronics for millions of customers.
Cars planned until the end of 2023
To achieve the goal of delivering 600,000 electric vehicles per year by the end of 2023, Ford wants to offer the following models:
- 270,000 Mustang Mach-E for North America, Europe and China;
- 150,000 F-150 Electrics for North America;
- 150,000 Electric transport to North America and Europe;
- 30,000 units of the new European SUV, whose production will increase significantly in 2024.
The company also ensured that 100% of the annual capacity of the battery cells (60 gigawatt hours) needed to support the production rate set for the production of the prototypes is guaranteed. Ford has also secured 70% of battery supply for the production of more than 2 million electric vehicles annually by 2026.
Additionally, to meet the 2026 target, Ford announced mining partners to supply more nickel, such as Vale Canada Ltd., PT Vale Indonesia, Huayou Cobalt and BHP.
In a press release, the manufacturer also said that many consumers who intend to buy a car in the coming years revealed a preference for hybrid or electric vehicles, registering an increase of 11% compared to 2021 and 22% compared to 2020.
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