Ford to Ramp up its Mustang Mach E Production by 2023

Dec, 2021 - By WMR

Ford Motor Company CEO Jim Farley recently announced in a tweet that the company is planning a threefold increase in the production of its all-electric Mustang Mach E by 2023.

Providing a specific outlook for Mustang Mach E for the first time, CEO claimed to accelerate the current capacity to meet increasing demand. He also added that the fast production of these vehicles could be difficult; however, the company has set goals to triple its 2021 output. Starting in 2022, the company plans to ramp up the production and expects to reach 200,000+ units a year for Europe and North America by 2023. Ford will use its entire factory in Cuautitlan, Mexico for Mustang Mach E production.

In July 2021, Mustang Mach E won Car and Driver’s first EV of the Year award, beating 10 other electrical vehicles including three Tesla models. The award was open to all fully electric vehicles, which are currently for sale in the U.S. The SUV has been credited for its combination of practicality and performance along with its premium interior quality.

According to Ford’s Q3 and November 2021 sales data, the company sold around 15,602 and 24,791 Mach Es through the end of the third quarter in Europe and November-end in the U.S., respectively. Considering this number to date, the company is set to hit its expected sales of 50,000 Mustang Mach E for the first year of production (2021) in North America and Europe.

In November 2021, Ford also announced that it will increase the production capacity of its electric vehicles including Mustang Mach E, F-150 Lightning, and commercial E-transit vans to 600,000 units globally by 2023. Furthermore, the company is working with key suppliers of battery cells, battery trays, and electric drive systems to increase the production capacity of Mach E. As more cars enter the electric vehicle market, Mach E is expected to gain a significant competitive advantage.