EVs are coming like a freight train......
*Toot Toot too right they are, and by the Frunk load
* My 1st Car was a HR Holden back in the 70's, If you said to me Holden wouldn't Exist or be Manufacturing Vehicles in Oz in my lifetime i would have said, No Way Jose' !!!
*October 2017 was a Dark Day for Holden Fans, following the final Ford Falcon, a blue XR6, which rolled off the production line on 7 October 2016
*Now look at the direction the World is heading, what a "U-Turn" and in just a few years
*Didn't see that coming tbo, well not until a few of Yrs ago when i "Saw the EV Light" one Night, found AVZ and thought ( No Brainer ) Buy a Ticket, get onboard Old Boy, but what Horse to back from a stable of Stocks
Hmm, decisions, decisions, this could go either way, all end in tears or end up as a "Winner Winner Chicken and Champagne Diner"
Lucky for me i chose AVZ, maybe not the fastest in the Pack, but carrying 400 million tonnes
+ on her back, was always going to slow her down, but not to worry, she's still a Winner with plenty more to come because she's as strong and determined as Farlap
*Speaking of "Ford v Holden" - ( Ford v GM )
I see where Biden's Big Boys in the US are in an EV fight second place atm, as
Ford to boost EV production to 600,000 a year with utes, vans and Mustangs
Ford is planning to increase production of electric vehicles to 600,000 units a year across the world by 2023 in a bid to establish itself as the second-largest US-based producer of EVs behind industry giant Tesla.
In an interview with
Automotive News published late last week, Ford CEO Jim Farley said his company would look to double the number of EVs the company had initially expected to produce over the next 24 months.
That significant and immediate increase in production is expected to be focused on Ford’s first three new EVs – the Mustang Mach-E, the F-150 Lightning, and the E-Transit.
Moreover, and highlighting Ford’s focus on the need to quickly increase EV production, this increase is set to happen before production is expected to begin at the company’s
recently announced EV assembly plant in Tennessee.
“The demand is so much higher than we expected,” Farley said in his interview with Automotive News, according to CNBC News.
“It’s a really new experience for this big company, trying to be agile. We had to approach it very differently than we’ve done capacity planning.”
Ford’s new EV production target will be driven at least in part by increasing F-150 Lightning demand, with reservations now “approaching 200,000 units” according to Farley, who expects “north of 80%” of reservation holders to convert to actual sales.
The Ford F-150 Lightning is set to go on sale in the United States next year, and
by the beginning of November reservations had already passed 160,000, highlighting the incredible demand for an electric ute.
This was again demonstrated by the results of
a recent Autolist survey which saw the F-150 and the Chevrolet Silverado expected to begin deliveries in 2023 top both the Tesla Cybertruck and the Rivian R1T as the most desirous electric pickup trucks/utes by consumers.
Farley also told Automotive News that he hopes Ford will be able to slip into second place behind Tesla as a US-based producer of electric vehicles.
“Our goal is to become the clear No. 2 electric vehicle maker within the next couple years and then challenge for No. 1 as the huge investments we are making in EV and battery manufacturing come onstream and we rapidly expand our EV line-up,” a Ford spokesperson later told The Hill in a statement.
However, whether a production goal of 600,000 by 2023 would be enough to challenge for the second spot is not clear, considering that crosstown rival General Motors
recently announced plans to sell 1 million electric vehicles globally by 2025, backed by a commitment of releasing 30 new global EVs by the same time.
A GM spokesperson speaking to
CNBC News said the company was approaching 300,000 EV sales globally through the first nine months of 2021, though driven largely by its market in China.
GM is also planning to convert at least four of its North American plants into EV production facilities in the coming years, which will build on its EV production facilities in China and Michigan.
Ford is so confident in its ability to scale up its own production capacity, however, that Farley also told
Automotive News that his company was walking away from plans to jointly develop an electric vehicle with EV start-up Rivian.
“When you compare today with when we originally made that investment [in Rivian], so much has changed: about our ability, about the brand’s direction in both cases, and now it’s more certain to use what we have to do.
“We want to invest in Rivian – we love their future as a company – but at this point we’re going to develop our own vehicles.”
Finally, separate from Farley’s interview, Ford announced last week that it had signed a non-binding agreement with semiconductor manufacturing company Global Foundries to advanced semiconductor manufacturing and technology development within the United States with an aim to boost chip supplies for Ford, and the US automotive industry.
The agreement will see the two companies collaborate to increase semiconductor supply for Ford’s current vehicle line-up as well as begin joint research and development to address the growing automotive industry demand for “feature-rich chips”.
https://thedriven.io/
*To remind how quick times can change
Today’s ASX top stocks: AVZ Minerals
The 10 biggest movers on the ASX.
The best performing stocks in ASX trading so far today were Prospect Resources (PSC, up 11.9%) and AVZ Minerals (AVZ, up 11.7%).
www.finder.com.au/asx-market-movers
Food for thought on the Road to a ML and Mining Manono is a No Brainer
Cheers
Frank
