03.05.24
Ford reported an 81% BEV sales increase in the US YoY in February and a 9% increase in total cars sold in the US. This data contributed to a 4.3% jump in the stock on 03.05.24 while most EVs were significantly down following low production and sales numbers from China.
The big picture is that in the first few months of 2023 (Last year), Ford collapsed its BEV production due to an issue in the assembly line, according to Ford.
As shown in the table below from the last 3 years, Ford BEV production is not growing convincingly other than at product launches.
Specifically compared to the same time last year, the current Deliveries might seem very impressive due to last year's production shutdowns, however, the numbers are pretty much around the same average per month for the last 1.5 years, other than the Q1,2023 drop. Based on current 2-month figures so far this year, the total BEV deliveries for Ford in Q1 will be significantly lower than the last 3 quarters' average, although higher than the Q1, 2023 anomaly. Growth is expected to slow down for Ford BEV since Ford halved BEV production targets recently.
Ford BEV sales Worldwide per Quarter:
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