– 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.
Ford CEO, Jim also dropped a clue about building millions of electric vehicles annually in the next 4 years.
Xiaomi’s $10 billion electric vehicles project is said to hit a regulatory roadblock
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