Ford reducing battery orders as it loses over $100,000 per EV sold
Teslarati
MAY 11, 2024
Ford has reportedly reduced its electric vehicle (EV) battery orders, as the company faces substantial losses on the technology and scales back its electrification plans. Ford is forecasting EV unit losses of as much as $5.5 billion this year, as detailed in the company’s Q1 2024 earnings call.
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