Ford Expects Major Losses on EVs, but a New Truck Might Help

Can Ford build its way into electrified profitability?

, SK, and is set to have an eventual capacity of 500,000 electric vehicles per year.

With a $5.6 billion investment from Ford, it's clear the company is making this its premier EV facility, as it launches an onsite EV education center and prepares for the addition of 6000 jobs in Blue Oval City., with battery cells and arrays assembled into battery packs on site.

Details about what Ford calls its"second-generation EV truck" are sparse, but the company has confirmed the T3 will be similarly sized to the current F-150 Lightning. Production for the T3 EV truck will begin in 2025. Overall, Ford is targeting a production run rate of 2 million EVs annually across the globe by late 2026.

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