Ford F-150 Lightning Production to Double Thanks to Strong Demand

A report says Ford intends to spend $850 million to double its original output goals for the electric truck because of so much interest by prospective customers.BY ANNIE WHITE AUG 24, 2021

JOHN ROECAR AND DRIVER

• Reuters reports that Ford is preparing to double F-150 Lightning production for 2024 (a few years into the truck’s planned life cycle). Ford had already significantly increased production plans once, based on a rush of $100 pre-orders after the truck’s reveal in May 2021. 
• The report says Ford will spend around $850 million more than previously planned to meet the updated production targets.
• This reported jump in future production comes as a global semiconductor shortage and other supplier issues have stymied Ford’s production plans for much of the last year.

A report from the Reuters news service says that Ford has doubled its production target for the F-150 Lightning electric pickup to 80,000 for 2024. The move is said to be based on strong demand from both retail and commercial customers.

Ford says it has 120,000 $100 pre-orders for the EV truck, which is scheduled to launch next spring with a 15,000-unit run for the 2022 model year. Ford will spend an extra $850 million to reach its new goal, according to the Reuters report. In a statement to Car and Driver, Ford didn’t confirm the details of its production plans but said it “will continue to look for ways to break constraints and meet customer demand.”