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Ford Motor announced a series of new deals for the supply of lithium-based products in support of its ambitious plan to dramatically increase the production of electric vehicles in the coming years.
The automaker has said it plans to produce 2 million electric vehicles a year by 2026.
This forecast, as well as an estimated 8% EBIT margin for the EV sector, has sparked some skepticism on Wall Street. The firm is expected to outline the path to achieve both goals during Monday’s capital markets day.