Future Ford EVs “Deep Into Development,” Will Use Smaller Batteries
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Ford Motor Company has made big advances on the EV front in recent years, bringing three popular products to market in the guise of the Mustang Mach-E, F-150 Lightning and E-Transit. The F-150 Lightning is arguably the more important product of the three, and Ford has already increased production to 150,000 units a year under CEO Jim Farley’s watch. The chief executive is also pushing for Mustang Mach-E annual production of 200,000 units. Obviously, this production ramp is costly for the company, and Ford executives noted in an earnings call with analysts on February 2 that it is underperforming in…
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