Ford boosts EV spending, aims to have 40% of volume all-electric by 2030

Reuters2021-05-26

DETROIT, May 26 (Reuters) - Ford Motor Co on Wednesday outlined plans to boost spending on its electrification efforts by more than a third and said it aims to have 40% of its global volume be all electric by 2030 in a move to step up its push on EVs.

Under a plan dubbed "Ford+," the No. 2 U.S. automaker said it now expects to spend more than $30 billion on electrification, including battery development, by 2030, up from its prior target of $22 billion. It has launched the all-electric Mustang Mach-E crossover, and plans to introduce electric versions of the Transit van and F-150 pickup.

"This is our biggest opportunity for growth and value creation since Henry Ford started to scale the Model T," Ford Chief Executive Jim Farley said in a statement.

Ford and other global automakers are racing to shift their gasoline-powered lineups to all electric power under pressure from regions like Europe and China to cut vehicle emissions. Ford rival General Motors Co has said it aspires to halt U.S. sales of gasoline-powered passenger vehicles by 2035.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

lilyplant
2021-05-26
lilyplant
Pls like and comment. Thx
YIPKF
2021-05-26
YIPKF
Yes all up up
- YIPKF:
  [抱拳] [OK]
- jaswsf:
  Pray hard
Huitai
2021-05-26
Huitai
By the time is too late to catch Tesla sale
ZEROHERO
2021-05-26
ZEROHERO
Better late than never. Buy TSLA first ?
- YIPKF:
  Yes go
EKTech
2021-05-26
EKTech
Wow
alvintay89
2021-05-26
alvintay89
Like
- Gamestonk11:
  like and comment back pleas

Leave a comment

18

30

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2138124311?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-05-26 20:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2138124311","market":"us","top_or_hot":-1,"title":"Ford boosts EV spending, aims to have 40% of volume all-electric by 2030","media":"Reuters","content":"<p>DETROIT, May 26 (Reuters) - Ford Motor Co    on Wednesday outlined plans to boost spending on its electrification efforts by more than a third and said it aims to have 40% of its global volume be all electric by 2030 in a move to step up its push on EVs.</p><p>Under a plan dubbed \"Ford+,\" the No. 2 U.S. automaker said it now expects to spend more than $30 billion on electrification, including battery development, by 2030, up from its prior target of $22 billion. It has launched the all-electric Mustang Mach-E crossover, and plans to introduce electric versions of the Transit van and F-150 pickup.</p><p>\"This is our biggest opportunity for growth and value creation since Henry Ford started to scale the Model T,\" Ford Chief Executive Jim Farley said in a statement.</p><p>Ford and other global automakers are racing to shift their gasoline-powered lineups to all electric power under pressure from regions like Europe and China to cut vehicle emissions. Ford rival General Motors Co    has said it aspires to halt U.S. sales of gasoline-powered passenger vehicles by 2035.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ford boosts EV spending, aims to have 40% of volume all-electric by 2030</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFord boosts EV spending, aims to have 40% of volume all-electric by 2030\n</h2>\n\n<h4 class=\"meta\">\n\n2021-05-26 20:15 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DETROIT, May 26 (Reuters) - Ford Motor Co    on Wednesday outlined plans to boost spending on its electrification efforts by more than a third and said it aims to have 40% of its global volume be all ...</p>\n\n<a href=\"None\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"F","symbol_name":"福特汽车","start_time":0,"source_url":null,"article_id":"2138124311","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2138124311","pubTimestamp":1622031300,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"DETROIT, May 26 (Reuters) - Ford Motor Co    on Wednesday outlined plans to boost spending on its el","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"F":"福特汽车"},"translate_title":"福特汽车增加电动汽车支出，目标是到2030年将40%的电动汽车投入使用","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"F":0.9},"content_text":"DETROIT, May 26 (Reuters) - Ford Motor Co    on Wednesday outlined plans to boost spending on its electrification efforts by more than a third and said it aims to have 40% of its global volume be all electric by 2030 in a move to step up its push on EVs.Under a plan dubbed \"Ford+,\" the No. 2 U.S. automaker said it now expects to spend more than $30 billion on electrification, including battery development, by 2030, up from its prior target of $22 billion. It has launched the all-electric Mustang Mach-E crossover, and plans to introduce electric versions of the Transit van and F-150 pickup.\"This is our biggest opportunity for growth and value creation since Henry Ford started to scale the Model T,\" Ford Chief Executive Jim Farley said in a statement.Ford and other global automakers are racing to shift their gasoline-powered lineups to all electric power under pressure from regions like Europe and China to cut vehicle emissions. Ford rival General Motors Co    has said it aspires to halt U.S. sales of gasoline-powered passenger vehicles by 2035.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":132008965,"gmtCreate":1622042669457,"gmtModify":1704178448713,"author":{"id":"3563494965609543","authorId":"3563494965609543","name":"lilyplant","avatar":"https://static.tigerbbs.com/f21355f62d9fc917edd8628af6d1fd2c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3563494965609543","authorIdStr":"3563494965609543"},"htmlText":"Pls like and comment. Thx","listText":"Pls like and comment. Thx","text":"Pls like and comment. Thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132008965","repostId":2138124311,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":136496314,"gmtCreate":1622034139438,"gmtModify":1704178194393,"author":{"id":"3579748162894863","authorId":"3579748162894863","name":"YIPKF","avatar":"https://static.tigerbbs.com/cb307b178e826c212e864c04e7018162","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579748162894863","authorIdStr":"3579748162894863"},"htmlText":"Yes all up up","listText":"Yes all up up","text":"Yes all up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/136496314","repostId":2138124311,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4457834,"gmtCreate":1622034737281,"gmtModify":1680791118011,"authorId":3579748162894863,"author":{"id":3579748162894863,"idStr":"3579748162894863","authorId":3579748162894863,"name":"YIPKF","avatar":"https://static.tigerbbs.com/cb307b178e826c212e864c04e7018162","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136496314,"type":1,"supId":4457761,"prevId":0,"content":"[抱拳] [OK]","text":"[抱拳] [OK]","html":"[抱拳] [OK]"},{"id":4457761,"gmtCreate":1622034270057,"gmtModify":1680791114386,"authorId":3571893886885807,"author":{"id":3571893886885807,"idStr":"3571893886885807","authorId":3571893886885807,"name":"jaswsf","avatar":"https://static.tigerbbs.com/ed600b3aaba5cb409e893412ae0ee2a9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136496314,"type":1,"supId":0,"prevId":0,"content":"Pray <u>hard</u>","text":"Pray <u>hard</u>","html":"Pray <u>hard</u>"}],"langContent":"EN"},{"id":136493002,"gmtCreate":1622033932106,"gmtModify":1704178189833,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"htmlText":"By the time is too late to catch Tesla sale","listText":"By the time is too late to catch Tesla sale","text":"By the time is too late to catch Tesla sale","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/136493002","repostId":2138124311,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":136499333,"gmtCreate":1622033865422,"gmtModify":1704178188856,"author":{"id":"3566532164444643","authorId":"3566532164444643","name":"ZEROHERO","avatar":"https://static.tigerbbs.com/62813b6df1c4722e559d112fadd5486a","vip":2,"crmLevel":8,"crmLevelSwitch":1,"idStr":"3566532164444643","authorIdStr":"3566532164444643"},"htmlText":"Better late than never. Buy TSLA first ?","listText":"Better late than never. Buy TSLA first ?","text":"Better late than never. Buy TSLA first ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/136499333","repostId":2138124311,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4457719,"gmtCreate":1622034052334,"gmtModify":1680791113780,"authorId":3579748162894863,"author":{"id":3579748162894863,"idStr":"3579748162894863","authorId":3579748162894863,"name":"YIPKF","avatar":"https://static.tigerbbs.com/cb307b178e826c212e864c04e7018162","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136499333,"type":1,"supId":0,"prevId":0,"content":"Yes <u>go</u>","text":"Yes <u>go</u>","html":"Yes <u>go</u>"}],"langContent":"EN"},{"id":136577465,"gmtCreate":1622033047857,"gmtModify":1704178173533,"author":{"id":"3579073238469991","authorId":"3579073238469991","name":"EKTech","avatar":"https://static.tigerbbs.com/c91a603376dcd44610c26d628fac5cd0","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":3,"crmLevelSwitch":1,"idStr":"3579073238469991","authorIdStr":"3579073238469991"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/136577465","repostId":2138124311,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":136547802,"gmtCreate":1622032358006,"gmtModify":1704178159253,"author":{"id":"3582280831287785","authorId":"3582280831287785","name":"alvintay89","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582280831287785","authorIdStr":"3582280831287785"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/136547802","repostId":2138124311,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4457509,"gmtCreate":1622032528798,"gmtModify":1680791108691,"authorId":3574889239987561,"author":{"id":3574889239987561,"idStr":"3574889239987561","authorId":3574889239987561,"name":"Gamestonk11","avatar":"https://static.tigerbbs.com/57d87914fd79b0fd11508b722d7f4e19","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136547802,"type":1,"supId":0,"prevId":0,"content":"like and comment back pleas","text":"like and comment back pleas","html":"like and comment back pleas"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":30,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2138124311"}