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Friday, 14 January 2022 17:06

Ford Market Cap Hits $100 Billion for First Time Amid EV Push

Written by Dan Mihalascu, Inside EVs

Index

...the company’s shift to electric and autonomous vehicles, pledging Ford will build 600,000 EVs a year by 2024 as part of a broader strategy to invest more than $30 billion on EVs by 2030.

 

Farley also announced massive production investments in battery and assembly plants in Tennessee and Kentucky recently.
 
The CEO believes investors “seem to like that we’ve come up with a way to execute the product in a way that it’s in high demand.” While that sounds great, Farley says Ford is just getting started.

 

We thank Inside EVs for reprint permission.

 

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