Ford is reevaluating its electric vehicle plans, including vertical battery integration

Ford is reevaluating its electric vehicle plans, including vertical battery integration

A Ford Mustang Mach-E GT compact sports car during the 2022 New York International Auto Show in New York on April 14, 2022.

Michael Nagel | Bloomberg | Getty Images

DETROIT — Ford Motor Co. is rethinking its electric vehicle strategies, including “reevaluating” the need for vertical battery integration, CEO Jim Farley said Tuesday.

The Detroit automaker previously confirmed its plans to delay or reduce $12 billion in spending on all-electric vehicles, but the comments made Tuesday are the most detailed about Ford’s changing plans for electric vehicles, sales of which are growing at a slower rate than expected.

(Tags for translation) Breaking News: Business

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