Replace 6:30 p.m. EST: Added remark from Ford
Ford plans to chop manufacturing of its F-150 Lightning electrical pickup truck in half beginning subsequent 12 months, Automotive Information reported on Monday, citing a memo from Ford to suppliers that it obtained.
The carmaker informed suppliers it plans to crank out roughly 1,600 of the vans per week at its Dearborn, Michigan meeting plant in 2024, Automotive Information reported. Ford had beforehand deliberate to make round 3,200 Lightning vans every week, in line with the outlet.
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A Ford spokesperson informed InsideEVs the corporate “will proceed to match Lightning manufacturing to buyer demand.”
Automakers—notably Ford, Basic Motors and Volkswagen—have introduced main cutbacks to their capital-intensive electrification plans in current months, pointing to weakening demand for his or her electrical automobiles. That is simply the most recent improvement. In line with Automotive Information, Ford informed suppliers the transfer was resulting from “altering market demand.”
It’s vital to notice that, total, the electrical automotive market is wholesome. Simply have a look at the over a million EVs People snapped up to date this 12 months, a brand new annual report. Slightly, it seems that EV gross sales progress isn’t as sturdy as automakers had predicted, pushing them to cut back their plans.
Ford had spent the years because the F-150 Lightning’s debut attempting its greatest to speed up manufacturing. Earlier in 2023, the corporate boosted manufacturing capability to 150,000 items per 12 months. Now it seems that Ford thinks it could possibly’t discover consumers for that many vans.