CEO Jim Farley tweeted late Friday that Ford expects to boost manufacturing of the all-electric Mustang Mach E next year, with the objective of triple existing capacity by 2023 to fulfil “amazing demand.”
This is the first time Ford has given a detailed forecast for the Mustang Mach E.
The tweet from Farley reads: “It’s hard to produce Mustang Mach E fast enough to meet the incredible demand, but we are sure going to try.
So starting in 2022 we are increasing production and expect to reach 200,000+ units per year for North America and Europe by 2023. That’s 3X our 2021 output.”
Ford announced in November that it would raise its electric vehicle production capacity to 600,000 units globally by 2023, with the Mach E, F-150 Lightning, and commercial E-transit vans all contributing to the target.
If Ford produces 600,000 vehicles in the next two years, it will have doubled its production target.
Ford confirmed that it will be able to enhance Mustang Mach E manufacturing capacity by producing part of the cars at its Cuautitlan, Mexico factory.
The tweet came the same day that Automotive News reported Ford was delaying the start of production of battery-electric versions of the Explorer and Lincoln Aviator crossovers by about 18 months, according to memos sent to suppliers and viewed by Automotive News.
The EV versions of the Explorer and Aviator were supposed to be assembled at its Cuautitlan, Mexico factory. Ford has previously said it expected sales to be around 50,000 Mustang Mach E vehicles for the first year of production (MY 2021) in North America and Europe.
Ford has sold 15,602 Mach Es in Europe through the end of the third quarter and 24,791 through end of November in the U.S., according to the company’s latest sales data. At 40,393 vehicles to date, the company should hit its 50,000 sales goal.
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