Erica Rannestad, who leads Ford’s lithium team, explains although there is enough supply, time will be the real bottleneck.įord announced earlier today it had locked up 90% of the nickel and lithium needed to support its goal of building two million EVs annually by 2026. One of the biggest concerns was the lithium supply. On Wednesday, several Ford Model e associates discussed the automaker’s raw materials strategy. ![]() Ford F-150 Lightning production (Source: Ford) Ford is not concerned with short-term EV battery supply With EV battery supply becoming a growing concern throughout the industry, Ford discussed how it plans to overcome it. The transformation resulted in zero operators in the mainline body shop, a 25% smaller paint shop, a 25% smaller final assembly, and a 60% reduction in battery pack labor with new processes and automation.Īlthough Ford is confident in hitting its profitability targets, some have questioned how the company plans to go from making roughly 100,000 EVs in 2022 to two million by the end of 2026. ![]() The facility will build its next-gen EVs, including an electric pickup and a three-row SUV. The plans included continuing to implement what it has learned from its first-generation EVs – the F-150 Lightning and Mustang Mach-e – to drive down costs.įor example, Ford says it has retooled its Oakville assembly plant in Ontario with a CAD 1.8 billion (around $1.3 billion) investment, converting it into an EV and battery pack manufacturing hub. At its Capital Markets Day, VP of EV industrialization at Ford model e, Lisa Drake, said that the EV battery supply chain is “not necessarily a constraint.” Due to the arrangements Ford has made, including the new lithium deals revealed on Monday, the automaker is sticking to its two million EV run rate goal.Įarlier today, Ford detailed the automaker’s plans to achieve an 8% EBIT margin by the end of 2026.
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