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Ford aims to be world's #2 electric vehicle maker within two years - COO

Reuters2021-12-03

Dec 3 (Reuters) - Ford Motor Co expects to be the world's second largest electric vehicle manufacturer within two years, with annual production capacity of nearly 600,000, a top company executive said Friday.

Driving the automaker's optimism is increasing demand for its next new EV, the Ford F-150 Lightning pickup, with retail reservations now approaching 200,000, according to Lisa Drake, chief operating officer of Ford North America.

Speaking at an investor conference, Drake said Ford is working with five global battery suppliers to manufacture and help develop battery cells for its future EVs. Those suppliers include SK On, LG Energy Solution, CATL, BYD and Panasonic .

Ford expects to reduce EV battery cell cost to $80 per kilowatt-hour at the pack level "well before the end of the decade," Drake said.

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  • sonofagan
    ·2021-12-06
    Never under estimate the huge advantage Ford has in its existing supply chain ecosystem. 
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  • jyt09
    ·2021-12-06
    👍🏻
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  • koolgal
    ·2021-12-06
    It is great for Ford to have a vision to be world's No. 2 in electric vehicles in 2 years time.  But it is up against very intense competition especially Tesla!  Go Ford! 🚀🚀🚀🌙🌙🌙
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    • koolgal
      Thanks
      2021-12-06
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    • koolgal
      Thanks
      2021-12-06
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    • koolgal
      Thanks
      2021-12-06
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  • Pplymm
    ·2021-12-06
    Like
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  • Simplehuman
    ·2021-12-06
    A competitor to Tesla!
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  • yBuyRestrict
    ·2021-12-05
    Who is number 2 now? 
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  • Slee49
    ·2021-12-05
    Like
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    • Pplymm
      Like
      2021-12-06
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    • Slee49
      Like
      2021-12-05
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  • chaisiewling
    ·2021-12-05
    Like 
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  • zingerbells
    ·2021-12-05
    Like
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    • Pplymm
      Like
      2021-12-06
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  • ac1887
    ·2021-12-05
    Good 
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  • DingDang
    ·2021-12-05
    All the way!
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    • ac1887
      Good
      2021-12-05
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  • TradeMore
    ·2021-12-05
    Ok
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  • breAkdaWn
    ·2021-12-05
    Ford does need fake media hype to sell.
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    • breAkdaWn
      oops I meant to say ford does not need fake media to sell.
      2021-12-06
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    • koolgal
      Yes even if it is fake media
      2021-12-06
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  • Dindindino
    ·2021-12-05
    Like pls
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    • Pplymm
      Like
      2021-12-06
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  • MoonMoon
    ·2021-12-05
    Cool 
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    • MoonMoon
      [Happy]
      2021-12-05
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  • SSVC
    ·2021-12-05
    Sure??
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  • Mccoy
    ·2021-12-05
    When he said #2, it means he reckoned it will not be and cannot be #1. This is being practical and realistic. 
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  • Camemberu
    ·2021-12-05
    A very distant second. [Happy] 
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  • JimmyT
    ·2021-12-05
    Ok
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  • YTRT
    ·2021-12-05
    Thanks
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