Ford shares rose 5.45% after promising

The Ford Motor Company (NYSE: F) has made several important announcements over the past two weeks that have bolstered investor optimism about the auto brand’s long-term outlook.

Last week, Ford announced the construction of a huge electric vehicle plant in Tennessee and the spirit of Kentucky battery factories.

The company invests more than $ 11 billion in these projects and, in fact, puts an end to the development of diesel and gasoline cars. In addition, at this week’s investor event, Ford announced that EVs are outselling ICE cars.

For example, the electric F-150 Lightning pickup, the potential of which, the E-Transit minibus and the Mustang Mach-E electric crossover, are selling so well that Ford had to increase costs expand production, and hire employees at a specialized plant in Michigan.

Like many other automakers, Ford is currently experiencing supply chain problems, primarily of electronic components. However, the company manages to increase shipments at a double-digit pace and does not cut its forecasts.

At the same time, in the long term, Ford expects a significant share of the electric vehicle market, which will become the main one in the auto industry after 2030. Ford differs from many companies in that it creates a versatile chassis that can use on light commercial vehicles.

It is one of the most promising areas of transport electrification, as businesses are actively seeking new ways to improve the commercial efficiency of freight transport. In addition, Ford electric pickups and minivans offer unique opportunities for individual entrepreneurs, mobile workers, repair crews, etc.

For example, this is the ability to connect a working tool, powerful light sources, etc., to an electric vehicle’s battery through the built-in inverter. Share F was worth $ 14.89 on October 7.