Ford doubling F-150 Lightning production to 150,000 annually
Demand is strong for all-electric pickup
Ford CEO Jim Farley shares new info on the automaker's future in developing electric vehicles for nationwide adoption.
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. (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. | 12.16 | -0.58 | -4.58% |
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.
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.
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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.