Ford gambles with supply chains as OEM reportedly doubles production targets for electric F-150 Lightning trucks
By Jason Dunn2021-08-27T09:57:00
Demand for electric vehicles has skyrocketed in recent years amid broader strategy by global institutions towards carbon-neutrality. However, supply chain disruptions relating to semiconductor shortages, the coronavirus pandemic, and material access may prove problematic for attempts to ramp up EV battery production.
Ford Motor has doubled its production target for the F-150 Lightning electric pick up amid rapidly shifting consumer demand, according to Reuters.
Just ahead of the full-sized truck’s 2022 launch, the carmaker intends to spend an extra $850m to achieve the target, several people familiar with the plans reportedly said.
Annual production targets are now being set to 80,000 in 2024, an increase from more than 40,000, according to the report.