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 fulfill “amazing demand.” This is the first time Ford has given a detailed forecast for the Mustang Mach E.
Ford said in November that it would raise its electric vehicle manufacturing capacity to 600,000 units globally by 2023, with the Mustang 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.
“It’s hard to make Mustang Mach Es fast enough to match the huge demand, but we are definitely going to try,” Farley said in a tweet. As a result, beginning in 2022, we will ramp up manufacturing, with the goal of reaching 200,000+ units per year in North America and Europe by 2023. That’s three times what we’ll produce in 2021.”
Ford confirmed that it would be able to enhance Mustang Mach E manufacturing capacity by producing part of the cars at its Cuautitlan, Mexico facility. According to memoranda given to suppliers and seen by Automotive News, Ford is postponing the start of manufacturing of battery-electric versions of the Explorer and Lincoln Aviator crossovers by around 18 months. The Explorer and Aviator electric vehicles are scheduled to produce in Cuautitlan, Mexico.
It will be difficult to build Mustang Mach-Es quickly enough to match the high demand, but we will do our best. As a result, beginning in 2022, we will increase manufacturing, with the goal of reaching 200,000+ units per year in North America and Europe by 2023. That is three-x of our 2021 output.
Ford originally estimated that 50,000 Mustang Mach E vehicles would sell in North America and Europe in the first year of production (MY 2021). According to Ford’s latest sales figures, the business sold 15,602 Mach Es in Europe until the end of the third quarter and 24,791 in the United States through the end of November. The firm is on track to meet its 50,000 car sales goal, with 40,393 units sold so far.