Ford secures additional battery supply to support EV growth

Ford is on track to deliver 600,000 new electric vehicles (EVs) by the end of next year.

The car maker has secured battery supply contracts to meet its 2023 target and has sourced approximately 70% of the battery cell capacity it needs to support an annual global run rate of more than 2 million EVs by late 2026.

“Ford’s new electric vehicle line-up has generated huge enthusiasm and demand, and now we are putting the industrial system in place to scale quickly,” said Jim Farley, Ford’s president and CEO and president of Ford Model e. “Our Model e team has moved with speed, focus and creativity to secure the battery capacity and raw materials we need to deliver breakthrough EVs for millions of customers.”  

The company detailed its global vehicle portfolio plans supporting it new production goals as part of its Ford+ plan. Ford expects a compound annual growth rate for EVs to exceed 90% through 2026, more than double the forecasted global industry growth.

By 2030, Ford expects more than half its global production will be EVs.

In Europe, the Ford Cologne Niehl Plant is currently undergoing major construction updates to prepare for the production of EVs, starting in 2023. The company will launch seven new all-electric vehicles in Europe – three new passenger vehicles and four new commercial vehicles – by 2024.

The first electric passenger vehicle is expected to roll-off the Cologne production line in 2023, with a second EV model to be built starting in mid-2024. Annual volume at the new plant is expected to reach 200,000 vehicles per year. 

Both newcomers will be built on the Volkswagen Group's MEB platform, as part of a strategic alliance between the German car maker and the Blue oval.

The first model is likely to be largely based on the VW ID4, while the second is billed as a 'sports crossover' like the upcoming VW ID5.

In addition, an electric version of the current Ford Puma will be available, made in Craiova, Romania, starting in 2024.

Ford’s Transit range will also include four new electric models – the all-new Transit Custom one-tonne van and Tourneo Custom multi-purpose vehicle in 2023, and the smaller, next generation Transit 

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