At a time when renewable energies are at a peak in their use in new measures and forms of urban mobility, there are many companies that have worked to promote the new measures and thus take a step forward in the development of the coming years. This is the case of Ford, which has presented a advanced battery capacity plan, where they will use most of the raw materials to increase electric vehicles and at the same time prepare for the mobility of 2030.
The coronavirus pandemic and the microchip crisis seem to be no excuse for users to become interested in changing their vehicles and betting on electric urban mobility. That’s why Ford has been working on a strategy to promote the supply of battery capacity and raw materials that pave the way to reach its annual production target of 600,000 electric vehicles by the end of 2023 and more than 2 million by the end of 2026.
As part of their Ford+ plan, they expect the annual rate of electric vehicles to be more than 90% by 2026, doubling the growth forecast globally. To achieve this, they have set the goal of investing more than 50,000 million in electric models until 2026, all with the objective of obtaining profit margins before interest and adjusted taxes of 10% for the entire company and 8% for electric vehicles in 2026.
In the case of the European continent, in the Cologne plant, they are undergoing radical changes that favor the construction and electric vehicle manufacturing by 2023 thanks to a building of 2,500 square meters that will house the new and efficient pre-coating line on five floors.
Ford is adding lithium-ferrophosphate (LFP) cell chemistry to its portfolio, along with existing nickel-cobalt-manganese (NCM) chemistry. This creates even more capacity for high-demand products and provides customers with many years of operation with minimal loss of autonomy. The company has confirmed that has secured 100% of the annual capacity of battery cells to support this pace of operation of 600,000 electric vehicles, working with major battery companies around the world.