Lighting the path to 2 million electric vehicles by 2026

Today we announced a series of initiatives for sourcing battery capacity and raw materials to achieve our targeted global annual run rate of 600,000 electric vehicles by late 2023, and more than two million by the end of 2026.

We’re adding lithium iron phosphate (LFP) cell chemistry to our portfolio, alongside existing nickel cobalt manganese (NCM) chemistry, which can create more capacity for high-demand products and provides customers with many years of operation with minimal range loss.

Additionally, we’ve confirmed the securing of 100 per cent of the annual battery cell capacity needed – 60 gigawatt hours (GWh) – to support the targeted 600,000 EV run rate by working with leading battery companies around the globe.

“Ford’s new electric vehicle lineup has generated huge enthusiasm and demand, and now we are putting the industrial system in place to scale quickly. Our Model e team has moved with speed, focus and creativity to secure the battery capacity and raw materials we need to deliver breakthrough EVs for millions of customers.” 

Jim Farley,

Ford’s president and CEO and president of Ford Model e 

The new EV supply chain being created upholds our commitments to sustainability and human rights as we plan for more than half of global production to be EVs by 2030 and achieving carbon neutrality globally no later than 2050.

In Europe, we aim to be carbon neutral across our footprint of facilities, logistics and suppliers by 2035. A significant part of this is the redevelopment of the Ford Cologne Niehl Plant, where major construction updates are preparing for the production of electric vehicles, starting next year. This includes a new 2,500 square metre building that will home the new and efficient pre-coating line on five floors, as well as energy efficient updates to current manufacturing facilities – expected to save more than 2,000 tons of CO₂ and more than 2,600 MWh of electric energy per year.

🏗️ #Ford continues to build an all-electric future, with the construction of the Cologne Electrification Centre well underway.

Our first facility of this kind in Europe will also be the home of the first Ford #EV passenger vehicle from 2023.

⚡ https://t.co/gY6Sz6bqre pic.twitter.com/5VHVqSVIxN

— Ford News Europe (@FordNewsEurope) July 21, 2022

For full details of this announcement, visit https://media.ford.com/content/fordmedia/feu/en/news/2022/07/21/Ford-Releases-New-Battery-Capacity-Plan.html# 

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