On July 31, Jim Farley, Ford’s CEO dropped hint about the automaker’s ambition electric vehicles plan, reveals about ford’s upcoming strategy to achieve the target goal of EV manufacturing by 2026.
Key Highlights
- According to the “Legacy automaker ford Motor” is planning to build millions of electric vehicles annually in the next four years.
- Ford is facing a problem: As electric vehicles increase drastically which will create a shortage of EV batteries & the costs of materials such as nickel & cobalt are surging.
- Ford may not clarify how to overcome the supply chain issue and may not specify another way to fulfilled these requirements.
- As per CNBC, the Detroit automaker also clarified to investors, its plan to achieve its goal by transforming the gas-guzzling cars business to fully electric vehicles in the next four years.
Intro
According to the “Legacy automaker ford Motor” is planning to build millions of electric vehicles annually in the next four years.
As per CNBC, the Detroit automaker also clarified to investors, its plan to achieve its goal by transforming the gas-guzzling cars business to fully electric vehicles in the next four years.
Ford motor co. announced on Wednesday, 2 March 2022 that its electric vehicles and internal-combustion engine division will be run as separate units, and ford also planning to create a separate division – first for a conventional combined engine and another is for electric vehicles and software.
Ford addressed some of those concerns in another presentation on July 21, when it told investors that it has secured enough batteries to get to its near-term target: 600,000 EVs per year by the end of 2023. As of now, it said, it has secured about 70% of what it needs to hit its 2026 goal.
Ford CEO, Jim also dropped a clue about building millions of electric vehicles annually in the next 4 years. which will third of its total global production onwards we will expand its operating margins profit.
Morgan Stanley’s Adam Jonas called it a “stretch” goal and said he lacked confidence in Ford’s ability to secure enough raw materials and tooling to manufacture batteries to even come close to its projection.
Ford also committed that we will share a complete strategy to achieve our goal of building millions EV in the annual capital market day next year.
Ford trails a hands-free EV charger prototype
The Process of Robotics hands-free charging is fully automated, with no minimal or no driver involvement, the driver simply parks the car near to charger, once activated, the charging arm extends towards the inlet with the help of a tiny camera, and after completion of charging it automatically detach from the EV.
As the automaker states, the company has almost completed its testing stage, now they plan to deploy for real-world trials. also said, in the upcoming years, robotics hands-free chargers will be set up in various parking Plots, public parking plots as well as homes also for disabled drivers.