By The Chicago Times Business Staff
January 4, 2022
DETROIT — Ford Motor Company announced today that it will double annual production of its F-150 Lightning electric pickup truck to 150,000 vehicles as orders for the vehicle have reached almost 200,000 ahead of its spring debut.
Ford’s production increase is also a response to bitter rival General Motors Company’s introduction of the electric version of the Chevrolet Silverado pickup truck, which will see deliveries in 2023.
Jim Farley, Ford CEO, also announced that Ford plans to triple annual production of its popular Mustang Mach-E electric crossover to 200,000 units by 2023.
Photo: Ford Motor Company
With the growing demand for electric vehicles, Farley also said Ford will have the annual capacity to build 600,000 electric vehicles worldwide over the next two years. Ford aims to be the second largest electric vehicle manufacturer in North America behind Tesla.
According to Ford, the 2022 F-150 Lightning will have a base price of $39,974.