Ford doubling F-150 Lightning production to 150,000 annually

Demand is strong for all-electric pickup

Ford is powering up its electric pickup production.

The Ford F-150 Lightning is being built at a facility adjacent to the Dearborn Truck Plant where the conventional F-150 is manufactured.

The Ford F-150 Lightning is being built at a facility adjacent to the Dearborn Truck Plant where the conventional F-150 is manufactured. (Ford)

The automaker has confirmed that it is increasing the planned capacity of the factory that will build the F-150 Lightning by nearly double to 150,000 trucks annually due to higher than expected demand.

The Rouge Electric Vehicle Center in Dearborn, Mich., is scheduled to begin manufacturing the full-size pickup this spring and a Ford representative told FOX Business it is aiming to reach the new run rate by mid-2023.

The F-150 Lightning is a heavily re-engineerd version of the gas-powered truck. (Ford)

Ticker Security Last Change Change %
F FORD MOTOR CO. 25.19 +0.17 +0.68%

Ford has over 200,000 reservations for the F-150 Lightning and holders can start converting them to firm orders on Jan. 6. Prices range from $39,794 to $90,474, depending on the model, before factoring in destination fees and available green energy tax incentives.

 F-150 Lightning

Ford has over 200,000 reservations for the F-150 Lightning. (Ford)

Ford CEO Jim Farley in December said the automaker will triple the current output of the Mustang Mach-E at the Mexican factory that builds it to 200,000 per year in 2023.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The F-150 Lightning is a heavily reengineered version of the current, conventional F-150, but will be replaced by an all-new, purpose-designed electric pickup that will be produced at an all-new factory Ford is building in Tennessee at "incredibly high volume," possibly as early as 2025.