DIGEST – Ford Motor Co is pushing ahead with plans for widespread electrification Lincoln brand in North America, as they prepare to introduce at least five new battery-powered Lincolns sport utility vehicle until 2026, three people familiar with the plans told Reuters.
Lincoln’s electrification strategy is a key element of Ford’s $30 billion investment in electric vehicles and the battery through 2030. Ford announced a $30 billion initiative in May 2021. Lincoln previously planned to have EVs across its entire lineup by 2030.
Ford has said it will have an annual capacity to build at least 600,000 electric vehicles globally within 24 months, when it aims to be a “clear number. 2 North American electric vehicle maker” behind Tesla Inc.
On Thursday, Lincoln spokeswoman Anika Salceda-Wycoco said “it’s too early to talk about the specifics around future production or vehicle plans.”
The first of new Lincoln EVs, a big one intersection about the size of the Aviator, which is expected to begin production in late 2024 or early 2025 at Ford’s Oakville, Ontario plant, as part of a $1.5 billion shift away from combustion engines to battery tramTwo of the sources said, citing the automaker’s plans to be shared with suppliers.
More Lincoln EV crossovers, including potential compact replacements Corsair and the midsize Nautilus, which could be built in Oakville in 2025-2026, two sources citing internal planning documents said. Production plans for those models have yet to be finalized.
Several smaller Lincoln EVs will share an improved version of the EV platform that underpins the Ford Mustang Mach Esources said.
A larger Lincoln SUV, battery-powered companion to the big Navigator, is expected to enter production in 2026, sources say. It will share the new dedicated EV truck platform with the world. next generation Ford F-150 Lightningsources said.
Ford plans to turn the North American Lincoln brand into a line of primarily electric high-end utility vehicles in tandem with an effort to Synthetic enginewhere the Cadillac brand has embarked on a similar makeover, starting this year with the Lyriq midsize electric crossover.
Finally, Cadillac is expected to offer a full portfolio of electric utility vehicles, GM previously said, includes a full size Escalade EV is expected to share its platform with Hummer and Silverado EVs.
Cadillac also plans to introduce a super luxury sedan called the Celestiq in 2023.