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Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it builds the electric F-150 Lightning on April 26, 2022.
CNBC | Michael Wayland
DEARBORN, Mich. — Ford Motor is focused on the topping Tesla in the race to become the global leader in electric vehicles, CEO Jim Farley said Tuesday.
The goal is the most ambitious yet for the Detroit automaker in its EV push. Farley previously said that Ford plans to be No. 2 nation’s automaker in EV sales, behind Tesla, by mid-decade.
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“We plan to challenge Tesla and all to come to be the world’s leading EV manufacturer,” Farley said at a production launch event for the electric F-150 Lightning pickup. “That’s something nobody would have believed two years ago from us. They’re going to look at this truck and believe it.”
Farley did not attach a time frame for when the company thinks it will overtake Tesla. He said it will come to product implementation in the next four years, adding that Ford has “every intention” of becoming the world’s leading electric pickup manufacturer.
“All we can control is the next four years, the next product cycle,” Farley told reporters after the event, citing upcoming new products as well as investments in new ones. supply of batteries and vehicle technology.
However, Tesla has a very good start. Farley said Ford plans to have the capacity to produce 600,000 EVs by 2023, including 150,000 F-150 Lightning and 200,000 Ford Mach-E crossovers. Tesla, by comparison, delivered more than 930,000 EVs last year.
But Ford says it plans to have the capacity to produce 2 million EVs worldwide by 2026.
Furthermore, Ford is currently ramping up its production of the F-150 Lightning faster than rivals. Rivian Automotive and General Motors.
Farley said Ford has already built 2,000 F-150 Lightnings in the first two weeks of the vehicle’s production at a plant in Dearborn, Michigan. Rivian, which began production last fall, made about 2,500 vehicles, including the R1T electric pickup, in the first quarter.
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