Ford MotorUp 5%, the company expects to increase its investment in electric vehicles to $30 billion.

Ford announced that it will hold a Capital Markets Day (Capital Markets Day) event on the morning of May 26th local time.

Among them, the company confirmed its plans to transition to electric vehicles and announced that all-electric vehicles will account for 40% of Ford's total sales by 2030. In addition, the company raised its electrification business expenditure forecast to more than $30 billion by 2025.

Ford pointed out that there are currently more than 70, 000 FMI 150 Lightning bookings, indicating a strong consumer interest in Ford electric vehicles. The company expects the pure electric truck E-Transit to go on sale later this year.

Ford also said it would create a Ford Pro car services and distribution business, which it said would be dedicated to meeting the productivity requirements of commercial and government customers.

In addition, the company pointed out that the joint venture between BlueOvalSK and SK Innovation will produce battery cores and packs for future Ford and Lincoln cars at two plants in the United States.

Finally, the company expects adjusted EBIT margins to reach 8 per cent in 2023.