More
    HomeEV NewsFord to Challenge Tesla as Global EV Leader

    Ford to Challenge Tesla as Global EV Leader

    Ford Motor has set its sights on topping Tesla in the race to become the global leader in electric vehicles, CEO Jim Farley said.

    The goal is the most ambitious yet for the Detroit automaker in its EV push. Farley has previously said Ford plans to be the country’s No. 2 automaker in EV sales, behind Tesla, by mid-decade.

    “We plan to challenge Tesla and all comers to become the top EV maker in the world,” Farley said during a product launch event for the electric F-150 Lightning pickup. “That’s something that no one would have believed just two years ago from us. They’re going to look at this truck and believe it.”

    Farley didn’t attach a time frame to when the company thought it would overtake Tesla. He said that will come down to product execution over the next four years, adding that Ford has “every intention” of being the top electric pickup maker in the world.

    “All we can control is the next four years, the next cycle of a product,” Farley told reporters after the event, citing upcoming new products as well as investments in new supplies of vehicle batteries and technologies.

    Tesla does have quite a head start, though. Farley said Ford plans to have the capability of producing 600,000 EVs by 2023, including 150,000 F-150 Lightnings and 200,000 Ford Mach-E crossovers. Tesla, by comparison, delivered more than 930,000 EVs last year.

    But Ford said it plans to have the capacity to produce 2 million EVs globally by 2026.

    What’s more, Ford is currently ramping up its production of the F-150 Lightning faster than rivals Rivian Automotive and General Motors.

    Farley said Ford has already produced 2,000 F-150 Lightnings during the vehicle’s first two weeks of production at a plant in Dearborn, Michigan. Rivian, which started production last fall, produced about 2,500 vehicles, including R1T electric pickups, during the first quarter.

    Related Post

    Most Popular

    Best Picks

    “India’s Electric Vehicle Revolution: Navigating Challenges and Seizing Opportunities in a Shifting Automotive Landscape”

    The EV industry of the nation is witnessing a tectonic boom. With the advent of government policies about a clean and green environment, the...

    Wireless Power in the Kitchen

    Authors: Akshat JAIN, STMicroelectronics India, Fabrizio Di FRANCO, STMicroelectronics, Italy, Martin DENDA, Rene WUTTE, STMicroelectronics Austria, Bruno TISSERAND, STMicroelectronics, France Wireless power is going to...

    MWC Shanghai 2024: 3 demos that are about improving...

    Author: STMicroelectronics MWC Shanghai 2024 should be memorable, thanks to more than 30 innovative product showcases and demonstrations, nine applications on display, and more than...

    AEKD-TRUNKL1: one power liftgate demo can transform how engineers...

    Author: STMicroelectronics The power liftgate built on the AEKD-TRUNKL1 is always a highly popular and easily recognizable demo, as its loud beeps alert attendees that the trunk...

    STMicroelectronics offers Cost-Effective, Fastest, and First STM32 MCUs to...

    STMicroelectronics is a global leader in the semiconductor space developing customer-centric and sustainable products. Their STM32 Portfolio is a hugely popular highly reliable and...

    India’s Promising EV Market is Lending Hope for an...

    The world faces serious environmental concerns that require immediate attention and progressive solutions. The human civilization is at a crossroads where every decision will...

    Sustainability is not just a corporate responsibility, but a...

    STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications is among the early changemakers in the ongoing sustainability issue. The...

    Balancing Currents for Optimal Performance in Automotive Smart Drivers

    Author: Giusy Gambino, Marcello Vecchio, and Filippo Scrimizzi from STMicroelectronics, Catania, Italy When developing distributed intelligence for smart power switches in automotive power management systems, it...

    STM32CubeMX 6.11 opens its GUI to the boot flash...

    Author: STMicroelectronics  STM32CubeMX 6.11 is a new milestone as it allows developers to use the unique features of the new STM32H7R and STM32H7S. The software also continues...

    Must Read