By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Future AutomobileThe Future AutomobileThe Future Automobile
  • Home
  • Cars
  • Electric Cars
  • Hybrid Cars
  • Motor Cycle
  • Scooters
  • E-Bikes
  • Review Videos
Reading: Ford to revive Chennai plant for electric vehicle exports and lead its international resurgence
Share
Notification Show More
The Future AutomobileThe Future Automobile
  • Home
  • Cars
  • Electric Cars
  • Hybrid Cars
  • Motor Cycle
  • Scooters
  • E-Bikes
  • Review Videos
Follow US
© 2024 All rights reserved | Powered by The Future Automobile
The Future Automobile > Electric Cars > Ford to revive Chennai plant for electric vehicle exports and lead its international resurgence
Electric Cars

Ford to revive Chennai plant for electric vehicle exports and lead its international resurgence

9 months ago 5 Min Read
Share
Ford trims EU leadership as it struggles to keep pace in the shift to EVs
SHARE

Ford is poised to revive operations at its Chennai plant in India, marking a triumphant return after a three-year hiatus. Despite challenges ahead, Ford is poised for a significant turnaround by refocusing on electric vehicles.

Contents
Ford’s Indian plant is set to restart operations, with a focus on producing electric vehicles (EVs) for global export.Electrek’s Take

Ford’s Indian plant is set to restart operations, with a focus on producing electric vehicles (EVs) for global export.

Ford has reportedly submitted a Letter of Intent (LOI) to the federal government of Tamil Nadu, detailing plans to revive its Chennai manufacturing facility for international exports.

As part of its Ford+ strategy, the corporation is rolling out a transformative move to propel future growth and profitability as it transitions into a new era defined by digital and electric innovation.

“We express our sincere gratitude to the authorities in Tamil Nadu for their ongoing support as we explored alternative options for the Chennai plant,” said Kay Hart, President of Ford International Markets Group. The company aims to tap into emerging global demand by entering new world markets with this plant.

Ford’s primary focus in this instance is likely to be on producing electric vehicles (EVs) for international markets. According to the source, Ford recognised that 2025 will mark a pivotal moment for the electric vehicle (EV) market in India, with significant implications for the industry’s trajectory.

Ford will manufacture its Explorer Electric Vehicle at its plant in Cologne, Germany.

Ford has announced a significant pivot, revealing plans to establish a dedicated manufacturing line solely for electric vehicles (EVs), citing the unviability of producing gasoline- or diesel-powered cars as “Constructing petrol or diesel automobiles won’t be a worthwhile enterprise anymore.” This marks a crucial departure from its focus on traditional fuel-powered vehicles in the region.

See also  GM doubles down on Mexico, “no plans” to move EV production to US

As the provider base solidifies, Ford plans to start manufacturing electric vehicles at its Chennai facility and export them to global markets, as announced.

Ford-global-EVs
Ford Mustang Mach-E (Supply: Ford)

Ford Motor India hinted at a reluctance to delve into speculative scenarios, stating that further insights on its manufacturing processes might be disclosed in the near future.

Electrek’s Take

While Ford hasn’t officially confirmed the Chennai plant’s role in its electric vehicle (EV) strategy, such a development could represent a significant step forward as the company strives to secure its position in the industry.

Ford has shelved or scrapped several electric vehicle (EV) projects in the United States. Despite the challenges, demand for electric vehicles continues to surge globally, driven by growth in key markets such as Southeast Asia, parts of Europe, and South and Central America.

As low-cost electric vehicles (EVs) from China flood global markets, the United States, Canada, and the European Union are forced to impose crucial tariffs on imports in a bid to protect their domestic industries?

Chinese automakers, such as BYD, are rapidly gaining traction in various global markets, including Thailand, Singapore, Turkey, Brazil, and Mexico.

For the first time in the second quarter, BYD surpassed Nissan and Honda to claim the top spot in global electric vehicle (EV) sales, driven by its affordable and eco-friendly offerings that are now entering new markets.

In the second quarter, BYD supplied 980,000 vehicles, demonstrating a significant 40% increase over the previous year’s figures. Ford is about to receive a visit from China’s electric vehicle chief in a brief span of time. Ford’s wholesale sales rose to 1.14 million in Q2, a modest increase from 1.12 million in 2023.

See also  Tesla insurance premiums are incresing at twice the market rate amid vandalism

Ford is redirecting its attention towards a lineup of compact, value-packed electric vehicles in an effort to stay ahead of the competition. A team comprising former professionals from esteemed organizations such as Tesla, Rivian, Lucid, and Apple in California is developing a budget-friendly platform. Ford appears to be considering foreign manufacturing as a means of boosting its growth prospects, following in the footsteps of BYD’s global expansion strategy.

You Might Also Like

Xiaomi YU7 started deliveries in China, priced at 35,380 USD

Geely Galaxy E5 (EX5) hits 150,000-unit sales milestone

Tesla fires Musk’s chief of staff who became head of North America and Europe

Tesla (TSLA) is about to release Q2 deliveries: here’s what to expect

Sunday China Drive | Xpeng G7: quieter than Tesla, smarter than expected

TAGGED: Electric, Electric Car, Electric Vehicles, Ford
TheFuture Automobile September 27, 2024 September 27, 2024
Share This Article
Facebook Twitter Copy Link
Previous Article Review: 2024 BMW i7 M70 xDrive The all-electric luxury sedan that redefines the future of driving experiences. With a bold design and cutting-edge technology, the 2024 BMW i7 M70 xDrive is poised to revolutionize the automotive landscape. Its sleek silhouette, coupled with its advanced powertrain, promises an unparalleled ride quality that’s both thrilling and practical. Powering this game-changing vehicle is a dual-motor setup, generating 544 horsepower and 549 lb-ft of torque. The result? A 0-60 mph sprint in just 3.5 seconds, making it one of the quickest electric sedans on the market.
Next Article Jeep considering hybrids without a charge port for US Jeep ponders electrification options sans charging cord for American buyers.
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular News

Kawasaki Z900RS vs Z900 comparison review
Evolution of Devolution?: Kawasaki Z900RS VS Kawasaki Z900
Motor Cycle
Rivian investor day, Tesla battery project, Extreme H, and Chargeway + drops
Rivian investor day, Tesla battery project, Extreme H, and Chargeway + drops
Electric Cars
All the Best Fathers Day Sales on Electric Scooters
All the Best Fathers Day Sales on Electric Scooters
Scooters
which electric scooter has the longest range?
Which Electric Scooter Has the Longest Range?
Scooters
2024 Toyota Grand Highlander and Lexus TX hybrids recalled, stop-sale issued
2024 Toyota Grand Highlander and Lexus TX hybrids recalled, stop-sale issued
Hybrid Cars
O Canada! Canada may levy tariffs on Chinese EVs as EU set to announce reductions
O Canada! Canada may levy tariffs on Chinese EVs as EU set to announce reductions
Electric Cars

You Might Also Like

Xiaomi YU7 electric SUV started deliveries in China, priced at 35,380 USD

Xiaomi YU7 started deliveries in China, priced at 35,380 USD

9 hours ago
Geely Galaxy E5 (EX5) hits 150,000-unit sales milestone

Geely Galaxy E5 (EX5) hits 150,000-unit sales milestone

21 hours ago
Tesla fires Musk’s chief of staff who became head of North America and Europe

Tesla fires Musk’s chief of staff who became head of North America and Europe

1 day ago
Tesla (TSLA) valuation surges to  equal next 10 biggest automakers over Trump/Musk relationship

Tesla (TSLA) is about to release Q2 deliveries: here’s what to expect

1 day ago
automobile
At The Future Automobile, we delve into the latest trends, innovations, and advancements that are shaping the future of transportation

Quick Links

  • Cars
  • Electric Cars
  • Hybrid Cars
  • Motor Cycle
  • E-Bikes
  • Scooters
  • Cars
  • Electric Cars
  • Hybrid Cars
  • Motor Cycle
  • E-Bikes
  • Scooters

Legal Pages

  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service

Quick Links

I tested a hydrogen-powered bicycle. Is this the future?

Nio faces critical juncture as Q1 2025 financials disappoint

As I step into the Mercedes-AMG Petronas Formula One Team’s paddock, the hum of machinery and chatter of engineers creates a frenetic atmosphere. The scent of burnt rubber lingers in the air, mingling with the sweet aroma of fresh coffee and the promise of innovation. I’m greeted by Lewis Hamilton, his eyes gleaming with intensity as he gestures toward the sleek F1 car. “This is where it all happens,” he says, a hint of pride in his voice. The team’s latest creation, adorned with gleaming sponsor logos and precision-crafted components, seems to embody the very essence of high-octane competition. As we walk through the paddock, I catch snippets of conversation: whispers about tire pressure, calculations on track dynamics, and the occasional burst of laughter as engineers exchange stories.

© 2024 All rights reserved | Powered by The Future Automobile
Welcome Back!

Sign in to your account

Lost your password?