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Ford Increases Spending to Increase Production Capacity on F-150 Lightning Electric Truck – TechCrunch

Ford said it would invest another $ 250 million on Thursday, adding 450 jobs and increasing the production capacity of the upcoming F-150 Lightning to 80,000 all-electric trucks annually. This announcement will be made after receiving pre-orders for more than 150,000 all-electric pickup trucks.

Additional funding and work will be distributed to the new Rouge Electric Vehicle Center, Vandike Electric Powertrain Center and Rawsonville Component Plant in Dearborn, Michigan, Ford said.

The announcement was made during an event at the Rouge Electric Vehicle Center, a 500,000-square-foot facility expansion that is part of a $ 700 million investment in Ford’s Rouge Complex. Gasoline F-series trucks are also assembled at the Rouge Complex.

Ford also announced that it has begun prototyping a Lightning truck. These prototypes are used for actual testing. The truck will be available to customers in the spring of 2022.

The all-electric pickup truck is a key part of the company’s $ 30 billion investment in electrification, with one of Ford EV’s effectors, including the Mustang Mach-E, debuting and launching in 18 months. Lightning may be the most meaningful in terms of revenue. The Ford F-150 Lightning follows the introduction of the all-electric Mustang Mach-E and the E-Transit, a configurable all-electric cargo van for commercial customers.

The F-150 Lightning is offered in four trims, including a base, XLT, Lariat, Platinum series, and two battery options. The aluminum alloy body truck is equipped with two in-vehicle electric motors, four-wheel drive as standard equipment, and an independent rear suspension. The base version is priced at $ 39,974 before federal or state tax credits, and the mid-series XLT model starts at $ 52,974. All of these prices do not include destination charges and taxes.

https://techcrunch.com/2021/09/16/ford-boosts-spending-to-increase-production-capacity-of-its-f-150-lightning-electric-truck/ Ford Increases Spending to Increase Production Capacity on F-150 Lightning Electric Truck – TechCrunch

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