Ford aims to be world's #2 electric vehicle maker within two years - COO


FILE PHOTO: An employee of the Ford Motor Company makes his way to work following the company's announcement to build future electric cars in Cologne, Germany, February 17, 2021. Oliver Berg/Pool via REUTERS

(Reuters) - Ford Motor Co expects to be the world's second largest electric vehicle manufacturer within two years, with annual production capacity of nearly 600,000, a top company executive said Friday.

Driving the automaker's optimism is increasing demand for its next new EV, the Ford F-150 Lightning pickup, with retail reservations now approaching 200,000, according to Lisa Drake, chief operating officer of Ford North America.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Russia's Yandex reports Q1 revenue rise as market awaits spin-off news
Japan to levy big fines with new app rules
Inside Big Tech’s underground race to buy AI training data
Facebook scams demand stricter online rules, Japan lawmaker says
A Chinese firm is America’s favourite drone maker – except in Washington
Snap shares jump nearly 30% after Q1 beat
Alphabet, Microsoft shares jump as investors cheer AI investment
Rescue pup to meme star: The real-life ‘Dogecoin’ dog
Elon Musk is once again richer than Mark Zuckerberg as fortunes reverse
GPS bracelet places 18-year-old at the scene of 11 different break-ins, US cops say

Others Also Read