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.
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The United Auto Workers union and Ford have reached a tentative agreement that is expected to avert a strike that was due to upset production operations at the Kentuvky Truck Plant. With ratifications still looming, all parties involved seem to want to find common ground but this is stil uncertain.
White will be responsible for supporting the global growth of Ford’s battery manufacturing capabilities and will report directly to Executive Director Global Battery Manufacturing, Indy Singh
Listen to our analysis on BBC Radio 5 Live from Daniel Harrison, our in-house Automotive Analyst at Ultima Media, to understand the wider context of Ford’s announcement, including Ford’s $2bn loss in 2022, the pivot to electrification, and the inevitable impact that EVs will have upon automotive industry jobs.
