Ford To Produce 600,000 EVs Globally By 2023!

By Ritesh B

Ford recently stated intentions to increase global supply of electric vehicles to 600,000 units a year by 2023.

The manufacturer claims that in addition to the present nickel cobalt Mn (NCM) packages, it will start using lithium ferrous phosphate (LFP) cell technology.

Over the coming few years, market for EVs is anticipated to increase significantly.

By 2024, Ford will switch to newer, cheaper batteries in the F-150 Lightening and the Mustang Mach-E.

In order to increase the Raptor-low- R's and semi power, the carmaker modified the supercharger and changed its pulley.

Ford made the decision to spend an extra $20 billion on electric vehicles until 2026.

To meet its productivity goals of 2023, the carmaker also intends to take use of its connections with LG Renewable Technologies and SK Power.

By 2026, CEO Jim Farley, plans for price cuts of up to $3 billion for further progress.