Ford secures battery capacity for 2M annual EV production by 2026

Buoyed by stronger than expected demand for its electric vehicles, Ford has set ambitious global production targets of 600,000 EVs annually by late 2023 and over two million by 2026. To put that into perspective, Tesla, the biggest EV manufacturer at present, built a record 936,000 EVs in 2021. To make sure it has enough batteries to support…