AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)
Business & Finance

Ford to unveil all-electric F-150 pickup

  • The F-150, first launched by Ford in 1948, has long been the top-selling US vehicle and a critical model for the 118-year-old company.
Published May 19, 2021

DEARBORN: One day after winning an enthusiastic endorsement from President Joe Biden, Ford will officially preview the all-electric version of its best-selling F-150 truck on Wednesday.

The battery-powered Ford F-150 "Lightning" is part of the US auto giant's $22 billion campaign to ramp up its electric vehicle offerings by 2025.

"This sucker's quick," Biden said Tuesday afternoon following a spin in the pickup in Dearborn, Michigan.

Ford is already selling an all-electric vehicle, the Mustang Mach-E sport utility vehicle, but the Lightning will be the first battery-powered incarnation of the F-150.

The F-150, first launched by Ford in 1948, has long been the top-selling US vehicle and a critical model for the 118-year-old company.

Ford has avoided releasing details about the auto ahead of the official launch at 9:30 pm Wednesday local time (01:30 GMT).

However, Biden revealed Tuesday that the Lightning can hit 0-60 mph in about 4.4 seconds.

The US president visited Ford's Michigan operation to build support for $2 trillion infrastructure plan, which includes $174 billion for electric vehicle development.

Biden described the electric truck as a critical aspect of the fight to "save the planet" from global warming.

Chief Executive Jim Farley touted the vehicle at the company's annual meeting earlier this month, telling shareholders the company is "electrifying some of the most iconic nameplates at Ford" as part of its growth strategy.

"We will not cede ground in the EVs to others in vehicle segments where millions of customers rely on us and Ford as the established leader," Farly said. "This is our home turf."

Ford has said it will be build the new F-150 electric model in Dearborn by mid-2022.

Comments

Comments are closed.