Jim Farley, CEO of Ford, said late Friday that the company would increase production of the all-electric mustang Mach E next year and triple its current capacity by the year 2023.
This is the first time that the automaker has given a specific outlook for the car.
Ford said in November that it would increase its production capacity of electric vehicles to 600,000 units globally by 2023, and that it would spread the increase across the Mustang Mach E, F-150 Lightning and commercial E-transit vans. If Ford hits 600,000 it would double the number it had expected to produce over the next two years.
It is hard to produce the Mach Es fast enough to meet the demand, but we are sure going to try. We are increasing production and expect to reach 200,000 units per year for North America and Europe by the year 2023. Our output is 3X.
Ford will be able to increase production capacity of the mustang Mach E by building some of the vehicles at its factory in Cuautitlan, Mexico.
On the same day that Ford was reported to be delaying the start of production of battery-electric versions of the Explorer and Lincoln Aviator, the company's suppliers were sent memos that said the delay was 18 months. The EV versions of the Explorer and Aviator were supposed to be assembled in Mexico.
We are going to try to meet the incredible demand for mustang Mach-Es. We are increasing production and expect to reach 200,000 units per year for North America and Europe by the year 2023. That's 3 times our output.
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December 10, 2021.
The first year of production of the mustang mach e in North America and Europe is expected to be 50,000. In Europe, Ford has sold 15,602 Mach Es through the end of the third quarter and 24,791 through the end of November. The company should hit its goal of 50,000 sales.
