Ford CEO Jim Farley tweeted on Twitter, saying that they are going to work on producing more Mustang Mach-Es, as the demand keeps increasing. Ford expects the output of all-electric output to triple in two years, by 2023. The increased output is expected in North America and Europe according to Jim Farley.
Starting from 2022, Ford will be increasing the production of Mustang Mach-E. It is also notable that Ford F-150 Lightning has reached nearly 200,000 pre-orders. And without increasing its production capacity, the company will be delivering pre-orders till late 2023. In the electric vehicle market, Ford is hitting itself against General Motors and Stellantis, which also competing Tesla and Volkswagen in the automotive industry. For Mustang Mach-E they the production units are to reach 200,000 units per year.
It’s hard to produce Mustang Mach-Es fast enough to meet the incredible demand, but we are sure going to try. So starting in 2022 we are increasing production and expect to reach 200,000+ units per year for North America & Europe by 2023. That's 3x our 2021 output. ⚡️⚡️⚡️ pic.twitter.com/xSMbuHxdEN
— Jim Farley (@jimfarley98) December 10, 2021
Last week, Farley stated that including all vehicles, Lightning and E-Transit van, their production numbers are to reach 600,000 units per year. Lisa Drake, the chief operating officer of Ford North America, said that the company’s optimism stemmed from the increasing demand for its F-150 Lightning pickup, with retail reservations approaching 200,000.
Furthermore, Ford is known to be postponing the production of electric versions of the Explorer and Lincoln Aviator crossovers by about one and a half years to increase the manufacturing of its Mustang Mach-E SUVs. According to a report by Automotive News, Ford told its suppliers that production of these new EVs is now scheduled to start in December 2024.
Ford building own components
Speaking at an investor conference, Drake said Ford is working to vertically integrate more EV components, including power electronics and e-drives, at existing facilities that build parts for combustion vehicles – a modern take on founder Henry Ford’s pioneering work in building many of his own components.
“We haven’t used ‘vertical integration in this industry in a long time,” Drake said, but “you’re going to hear it a lot more” as Ford and other automakers transition from combustion to electric vehicles. 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
The automaker is looking at different cell chemistries, including cobalt-free lithium iron phosphate, and cell-to-pack structural batteries to help reduce costs. Ford and BMW are working with Colorado-based startup Solid Power on developing solid-state batteries, which Drake said should be commercialized “well before the end of the decade.”