Ford Starts Its Biggest Bet Against Tesla, GM

Ford’s road (F) to future popularity and stock market success rests on a big gamble in the form of a gigantic factory near Memphis Tennessee.

The blue oval brand has set itself the ambition of producing 2 million electric vehicles globally per year by the end of 2026. In 2021, the group only manufactured 27,140 electric vehicles in the United States. This means that reaching 2 million units five years later is a huge challenge even when your name is Ford, a company that has been producing and selling vehicles around the world for several decades.

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