Posted on 03/26/2023 7:39:40 PM PDT by lowbridge
Ford Motor's new plant being constructed outside Memphis, Tennessee, will be capable of building 500,000 electric vehicles annually at full production, the company said Friday.
The first and only product to be announced thus far for the "BlueOval City" plant is a next-generation electric truck, which Ford has code-named "T3," short for "TrustTheTruck."
"Project T3 is a once in-a-lifetime opportunity to revolutionize America's truck," Ford CEO Jim Farley said Friday in a release. "It will be a platform for endless innovation and capability."
Additional products using Ford's next-generation EV architecture could be produced alongside the truck, however a company spokesman declined to comment on future product plans for the plant.
Ford and South Korea-based battery supplier SK On are investing $5.6 billion in the BlueOval City campus, including a large battery cell plant. Production at the plants is on track to begin in 2025, Ford said Friday.
(Excerpt) Read more at cnbc.com ...
Because of the rare earth materials needed for EV batteries, nearly every EV built in the world makes a financial benefit to the CCP of China (China accounts for 70% of global EV battery production, so every push for more EV battery production adds to EV battery demand, and that either directly or indirectly benefits China.)
If the western nations ended all of their EV subsidies and mandates, China would take a big economic hit.
obviously losing 9k per EV means that Ford has to make up the difference by selling volume...
ugh...
my Ford will have to last me... 2002 and at 216000
i hope they wake up from the woke soon.
They can lose money even faster.
Ford plans to build 500,000 chicken coops ............
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To your point, Obama rolled out Smart Meters, Granny had to pay $240 to have an Electric Smart Meter installed precisely so they can cut off power to you and entire areas with little to no cost to the Electric Companies.
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Yup! That’s what I’m sayin’ home boy! :)
They just be tightening the noose.
On my front, the best deal in Montana property I can get is out in the mountains with no grid service....which is looking pretty good to me and our future off-grid system.
No Biden “Voltswagen” for me!
Wonder what the projected number were for the Edsel?
Wonder if he is related to the Farrelly Brothers who made Dumb and Dumber?
Odd that the power company would charge for the upgrade. Around here the power company announced a deadline for homeowners to make an appointment to get the new meter. If a homeowner didn’t make the deadline or refused to accept the new meter, the power folks just added $75 each month to the bill to cover manual monthly reading. This surcharge continued until you acquiesced and converted.
Innovation?
The Tesla pickup is the standard now for pickups, especially electric trucks.
Ford may not even be around when the plant starts producing.
They told us it was Hope and Change.
It was really Acquiesce and Convert!
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