Ford increases investment in electric mobility by $ 8 billion

Ford is increasing its investments in electric mobility to more than $ 30 billion by 2025, the U.S. automaker said in an online presentation to investors. This is $ 8 billion more than expected. In addition, Ford mentions other product plans.

Ford has set the acceleration of its electrification and other plans in a new roadmap called “Ford +”. In addition to the budget expansion mentioned at the start, Americans are also declaring the goal of selling about 40% of all-electric-powered vehicles by 2030.

To this end, the automaker has announced two new platforms for BEV vehicles: a modular platform for volume models such as cars, SUVs, vans and delivery vehicles, which allows rear wheel drive and all-wheel drive, and another special platform for large vans. . In Europe, Ford is also known to use Volkswagen’s modular MEB system.

The range of electric vehicles will grow on the basis of these platforms. An electric version of Ford’s Explorer SUV has just been confirmed. Additionally, Lincoln’s identical Aviator SUV could also be electrified, along with the Bronco and Ranger pickup models. The charts presented in front of investors suggest so. However, there is no official confirmation. So far, Ford is the only one in the passenger car segment in the electric market with the Mustang Mach-E. The F-150 Lightning, unveiled a week ago, will follow in 2022. According to Ford, 70,000 reservations for the electric pickup have been received in the past seven days.

With regard to vehicle battery cells, Ford wants to rely in the future on three pillars: under the name “IonBoost” on high energy density lithium-ion cells for passenger cars, under the name “IonBoost Pro” on LFP cells for commercial vehicles and on solid-state cells from the company Solid Power, in which Ford has recently invested more, as has BMW. By 2030, Ford forecasts annual battery demand for its electric vehicles to reach 140 GWh in North America and 240 GWh globally. That is roughly equivalent to the capacity of ten factories, according to a recent statement from the company’s headquarters. From the current presentation, we can deduce that three of them could be built in Europe.

Ford also told investors that battery costs are expected to drop 40% to $ 100 / kWh by the middle of the decade and to $ 80 / kWh by 2030. The US company also mentioned all the measures that ‘she recently took for’ vertically ‘. integrate battery technology ”, that is to say develop and produce batteries in the future. These include the creation of a global battery competence center called Ford Ion Park in the US state of Michigan, where lithium-ion and solid-state batteries are to be developed and produced in small series. Likewise, the planned creation of a joint venture with SK Innovation for the production of battery cells and modules called BlueOvalSK, which aims to achieve an annual production capacity of 60 GWh.

In addition to electrification, the Ford + roadmap also emphasizes connectivity, utility vehicles and autonomous driving. The manufacturer also plans to create a business unit called Ford Pro, which will focus on commercial and government customers in the area of ​​service and sales. In the future, this division will also provide B2B customers with flexible offerings for electric utility vehicles and charging infrastructure solutions, among others.

media.ford.com (official announcement), shareholder.ford.com, carscoops.com, insideevs.com, finance.yahoo.com

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