Ford's EV Production Hindered by Battery Supply Constraints as CEO Teases Millennium Falcon-like Electric Pickup.

Ford CEO Jim Farley cites battery supply as the constraint to accelerating EV production, emphasizing the need to build out a supply chain in the US for critical battery minerals. Despite ongoing battery constraints, Ford is aiming to produce 2 million EVs annually by late 2026. The automaker continues manufacturing massive batteries, upwards of 140 kWh, for its full-size electric truck, the F-150 Lightning. Ford is building out its domestic supply chain and manufacturing capabilities to streamline production, cut costs, and put the company in a position to succeed in the increasingly competitive EV market.