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Ford CEO says automaker plans to problem Tesla as international EV chief

Ford CEO Jim Farley on the firm’s Dearborn, Michigan, plant the place it is constructing the electrical F-150 Lightning on April 26, 2022.

CNBC | Michael Wayland

DEARBORN, Mich. — Ford Motor has set its sights on topping Tesla within the race to develop into the worldwide chief in electrical autos, CEO Jim Farley stated Tuesday.

The purpose is probably the most bold but for the Detroit automaker in its EV push. Farley has beforehand stated Ford plans to be the nation’s No. 2 automaker in EV gross sales, behind Tesla, by mid-decade.

“We plan to problem Tesla and all comers to develop into the highest EV maker on the earth,” Farley stated throughout a manufacturing launch occasion for the electrical F-150 Lightning pickup. “That is one thing that nobody would have believed simply two years in the past from us. They are going to have a look at this truck and imagine it.”

Farley did not connect a time-frame to when the corporate thought it could overtake Tesla. He stated that can come right down to product execution over the subsequent 4 years, including that Ford has “each intention” of being the highest electrical pickup maker on the earth.

“All we are able to management is the subsequent 4 years, the subsequent cycle of product,” Farley advised reporters after the occasion, citing upcoming new merchandise in addition to investments in new provides of auto batteries and applied sciences.

Tesla does have fairly a head begin, although. Farley stated Ford plans to have the potential of manufacturing 600,000 EVs by 2023, together with 150,000 F-150 Lightnings and 200,000 Ford Mach-E crossovers. Tesla, by comparability, delivered greater than 930,000 EVs final yr.

However Ford stated it plans to have the capability to provide 2 million EVs globally by 2026.

What’s extra, Ford is at the moment ramping up its manufacturing of the F-150 Lightning sooner than rivals Rivian Automotive and General Motors.

Farley stated Ford has already produced 2,000 F-150 Lightnings in the course of the car’s first two weeks of manufacturing at a plant in Dearborn, Michigan. Rivian, which began manufacturing final fall, produced about 2,500 vehicles, together with R1T electrical pickups, during the first quarter.

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