Ford will use new battery tech to help it build 600,000 EVs per year
to help with the electric transition, and has committed to spending $50 billion on electrification.
Ford had floated the 600,000-EV production target before. However, the battery developments and narrower timeframe paint a clearer picture of how that growth will take place. As it stands, there's mounting pressure on the company to ramp up its manufacturing. It only built 27,140 EVs in 2021, and has a significant backlog — you can't even place a standard retail order for the 2022 Mach-E"due to high demand.
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