Ford delays new EV plant, cancels electric three-row SUV

Ford Mustang Mach-E and F-150 Lightning on display at the New York International Auto Show on March 28, 2024.

Danielle DeVries | CNBC

DETROIT – Ford Motor is delaying production of a new plant in Tennessee to produce a next-generation all-electric pickup truck and canceling plans for a three-row electric SUV, the company said Wednesday.

Instead, Ford said it will prioritize the development of hybrid models, as well as electric commercial vehicles such as a new electric commercial van in 2026, followed by two pickup trucks in 2027.

The pickups are expected to be a full-size truck, which will be produced at the Tennessee plant that’s currently under construction, and a new midsize pickup.

Vehicle production at the new plant in Tennessee was initially expected to begin next year. The company said it still expects to begin battery cell production at the site in 2025.

This is breaking news. Please check back for additional updates.

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