Ford Motor Co (NYSE: F) CEO Jim Farley on Wednesday teased the launch date for its hotly-anticipated F-150 Lightning electrical truck to be held on April 26.
What Occurred: “It is time. #F150 Lightning,” Farley tweeted to disclose the launch date of the electrical model of its best-selling pickup, together with a web based invite that claims “F-150 Lightning strikes” later this month.
Ford stated the launch can be a dwell webcast from its Rouge Electrical Car Heart in Dearborn, the place the electrical truck is assembled. The legacy automaker didn’t reveal extra particulars of the extremely anticipated occasion.
� It is time. #F150Lightning�
4.26.2022https://t.co/VQTmeyixLt pic.twitter.com/yHFob7vOyK
— Jim Farley (@jimfarley98) April 13, 2022
See Additionally: Ford Says Nearing 200,000 F-150 Lightning Reservations, Order Financial institution Opening Quickly
Why It Issues: Dearborn, Michigan-based Ford stated earlier this yr it could practically double the manufacturing capability of the all-electric F-150 Lightning pickups to 150,000 automobiles per yr on the Rouge plant to fulfill rising demand.
The automaker has practically 200,000 reservations, excluding fleet reservations.
F-150 Lightning is Ford’s first huge transfer in direction of electrification after it launched the Mustang Mach-E in December 2020.
The EV pickup will go on sale at a ticket value of $39,974 and extra for the bottom mannequin, and a spread of 230 miles for the usual model.
Ford has beforehand stated it would double electrical car manufacturing to 600,000 models by 2023. The corporate is spending greater than $30 billion on electrical automobiles by way of 2025 because it goals to seize the No. 2 spot within the sector in North America.
Value Motion: Ford inventory closed 0.98% greater at $15.5 a share on Wednesday.
Photograph courtesy: Ford
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