![]() Lastly, Ford believes its BlueCruise will account for about 20% of the Ford Model e’s EBIT margin by 2026. ![]() Ford says its new second-gen electric vehicles will be EBIT-positive in their first year. To achieve its 8% EBIT margin by the end of 2026 for its Model e segment, Ford will continue driving down costs and improving efficiency in its first-gen products. Ford aims for an 8% EBIT margin for its Model e business (Source: Ford) Customers will be able to skip negotiating prices at dealerships with flexible purchase options, including replenishment centers designed to accelerate deliveries (vehicles in under 10 days). View all commentsįord is also introducing a new distribution model featuring an improved buyer and ownership experience. With the data showing that car owners are starting to keep their new car purchases longer than ever before I wouldn't be surprised if we see that data point increase as a lot of buyers hold out for the market to mature. When BlueOval SK begins operation in 2026, Ford believes it will offer the least expensive EV batteries in the US.Īt this point in the EV development cycle it feels very much like a nascent technology that, if you can afford to wait, will be overwhelmingly better than current offerings in just 2 or 3 years time. Nemaska, on the other hand, will supply up to 13,000 tons of lithium hydroxide per year over an 11-year period. The agreement is over a five-year period and starts in 2026. Ford Mustang Mach-E (Source: Ford)Īlbermarle will supply over 100,000 metric tons of battery-grade lithium for roughly 3 million future Ford electric cars. So far, Ford claims to have secured 90% of the nickel and lithium needed while revealing partnerships with three major lithium makers, including Albermarle, SQM, and Nemaska Lithium. ![]() Ford’s next-gen platform is due out in 2025 and will offer advanced tech and software, including potential level 3 autonomy.įord aims to build 2 million EVs annually by 2026 by vertically integrating its supply chain, including through its new BlueOval City EV mega campus. To cut costs, Ford is introducing a new platform designed to streamline manufacturing across all segments. Ford F-150 Lightning (Source: Ford) How Ford plans to hit its EV targets Perhaps, most importantly, it will be affordable. The new electric SUV will include fast charging (150 miles in less than 10 mins). ![]() Instead, the battery in its new electric SUV will be one-third the size and maximize tire and propulsion efficiency to maximize range. Ford ruled out the idea of an electric Expedition, saying it would be too big and would require too many battery resources. Its new three-row electric SUV, Ford says, is designed for road trips with a spacious interior and up to 350 miles of range (300 miles cruising at 75 mph). Ford’s new electric Explorer released in Europe (Source: Ford) The American automaker revealed the T3 project in March, with CEO Jim Farley referring to it as “like the Millennium Falcon – with a back porch attached.”Īccording to Ford, the electric truck will focus on efficiency with minimal trims and a streamlined manufacturing process designed to reduce costs across the board.įord says the new electric truck, like the Lightning, will be built for work and the new digital era with continuous software updates via OTA. With a rich history of building trucks, Ford says it will introduce another full-size electric pickup, codenamed Project T3. For its first-generation electric vehicles, Ford converted customer favorites to EVs, including the Mustang Mach-E and Ford F-150 Lightning, two segments Ford has done traditionally well with. Ford previews its next-generation electric vehiclesįord is sticking with its strategy of introducing EVs in segments the brand is known for.
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