empty
27.01.2022 12:54 PM
Ford starts producing electric vehicles

This image is no longer relevant

Ford's CEO, Jim Farley, plans to produce 600,000 units in 22 months.

Jim Farley notes the impressive early demand for the company's new electric vehicles – the E-Transit (van) and F-150 Lightning.

According to him, the company has already received over 10,000 orders from many different customers. There are over 1,000 orders from Walmart already. Accordingly, there is a very high demand.

Ford's E-Transit vans will arrive soon to customers, who will be able to cover about 126 miles on a full charge. The production of such vans is located in Kansas City, Missouri.

On Wednesday, Ford said it would launch an electric van program for Sonoma County. A group of 1,800 grape farmers in Northern California will add E-Transit vans, F-150 Lightning and Ford Pro technical services to their operations.

The program starts at Bevill Vineyard Management, Vino Farms in Healdsburg and Dutton Ranch, which together represent about 4,000 acres set aside for vineyards in the Russian River Valley, California.

Ford believes that the project is an integral part of showing how electric vehicles can have a positive impact on the agricultural industry in terms of productivity, sustainability and reduced cost of fleet ownership.

Outside wine customers, the demand for the company's first all-electric pickup truck (F-150 Lightning) was also strong.

According to Farley, the company has about 200,000 orders for the F-150 Lightning. In December, Ford stopped taking orders for the current model year as it works to increase production capacity.

In September 2021, the Detroit-based auto giant said it would partner with SK Innovation to invest $11.4 billion to build two mega-sites in Tennessee and Kentucky, where electric trucks and batteries will be produced.

Part of Ford's $7 billion investment is the largest manufacturing investment in the company's 118-year history.

Farley said he would like to reach an electric vehicle production capacity of 600,000 units over the next 22 months, hoping that figure will place them in second place in the electric power industry.

This image is no longer relevant

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

What to Pay Attention to on April 21? A Breakdown of Fundamental Events for Beginners

No macroeconomic events are scheduled for Monday—not in the U.S., the Eurozone, Germany, or the U.K. Therefore, even if the market was paying attention to the macroeconomic backdrop, today, there

Paolo Greco 06:30 2025-04-21 UTC+2

GBP/USD Overview – April 21: The Inertial Growth Continues

The GBP/USD currency pair continued its upward movement on Friday. If we had seen such price action away from peak levels, there would have been no questions. In essence

Paolo Greco 04:01 2025-04-21 UTC+2

EUR/USD Overview – April 21: The Market Sleeps, Only Trump Can Wake It Up

On Friday, the EUR/USD currency pair made no notable movements whatsoever. This was unsurprising, as Friday marked Good Friday, and Sunday was Easter. Many banks and trading venues were closed

Paolo Greco 04:01 2025-04-21 UTC+2

US Dollar: Weekly Preview

Is there light at the end of the tunnel? The US dollar will again try to answer that question in the new week. To briefly recap: over the past

Chin Zhao 01:01 2025-04-21 UTC+2

British Pound: Weekly Preview

Several fairly interesting reports were released in the UK, but they almost did not impact market participants' actions. Demand for the British pound increased on all five days except

Chin Zhao 01:01 2025-04-21 UTC+2

Euro: Weekly Preview

There were very few changes regarding the euro last week. We observed horizontal movement for most of the week, which naturally did not affect the current wave markup. I want

Chin Zhao 01:00 2025-04-21 UTC+2

Trump targets Powell

Yesterday, US President Donald Trump stated that he could dismiss Federal Reserve Chairman Jerome Powell, casting doubt on the idea of central bank independence. He also expressed frustration that policymakers

Jakub Novak 14:42 2025-04-18 UTC+2

EU increases pressure on US

The entire world is now watching the ongoing negotiations between the US and its key trading partners. Despite President Trump's loud claims that the talks are going well, there

Jakub Novak 14:04 2025-04-18 UTC+2

The Market Taken Hostage

Will the White House cross the Rubicon by initiating the dismissal of Jerome Powell from his position as Chair of the Federal Reserve? That would deal another blow to financial

Marek Petkovich 09:16 2025-04-18 UTC+2

Why Are Markets Frozen and What Are They Waiting For? (There is a possibility of continued Bitcoin and Ethereum consolidation in sideways ranges)

Today is Good Friday, a day Christians observe worldwide across all denominations. Market activity has noticeably decreased ahead of the Easter holiday, but this isn't the main reason for market

Pati Gani 09:00 2025-04-18 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.