The new campus – to be renamed Oakville Electric Vehicle Complex – will be a high-volume manufacturing hub for North America, producing about two million EVs annually by 2026.
Called Blue Oval City, the complex will be constructed on a nearly six-square-mile site in west Tennessee and produce next-generation electric F-Series pickups and advanced batteries.
With 150,000 reservations and counting, the additional resources will boost the supply of the all-electric pickup truck when it goes on sale in the spring of 2022.
BMW Group is expanding it manufacturing capacity to make electric drivetrains for 500,000 electrified vehicles per year from 2022 and start producing fifth-generation high-voltage batteries.
With short seller “investigative reports,” tightly spun narratives set public opinion that can crash a stock by the end of the day. Shouldn’t a company’s valuation be based on the performance of finished product and meeting production timelines? Asking for Lordstown Motors.
Volkswagen Group boosted development of electrified vehicles, announcing that the company will develop 70 battery-electric models by 2025. Previously, Volkswagen had said it would produce 50 battery-electric vehicles by 2023.
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