{"id":112237,"date":"2021-11-22T09:30:00","date_gmt":"2021-11-22T14:30:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=112237"},"modified":"2023-01-19T17:37:48","modified_gmt":"2023-01-19T22:37:48","slug":"speed-freak-2","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/speed-freak-2\/","title":{"rendered":"Speed Freak"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-what-s-going-on\">What&#8217;s going on?<\/h2>\n\n\n\n<p>Ford announced on Friday that it\u2019s aiming to take electric vehicle (EV) production from zero to 600,000 in two years flat.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-does-this-mean\">What does this mean?<\/h2>\n\n\n\n<p>The EV battle among veteran carmakers has been heating up lately, with the likes of&nbsp;<a href=\"https:\/\/gmauthority.com\/blog\/2021\/05\/general-motors-sold-over-200000-evs-in-2020\/\">General Motors<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/insideevs.com\/news\/465956\/in-2020-volkswagen-group-sales-plugin-cars\/\">Volkswagen<\/a>&nbsp;both selling over 200,000 EVs last year. Ford, meanwhile, has sold\u2026 none. Nada. Zilch. But it\u2019s finally catching on: the company just&nbsp;<a href=\"https:\/\/www.cnbc.com\/2021\/11\/18\/ford-plans-to-increase-ev-production-to-600000-vehicles-in-2023.html\">said<\/a>&nbsp;it\u2019s aiming to double its original production target of 300,000 EVs by the end of 2023. And sure, that 600,000 is still a long way short of the 1 million that Tesla is expected to sell that same year. But try telling that to Ford\u2019s CEO: he thinks Ford could eventually take the market leader\u2019s top spot.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-should-i-care\">Why should I care?<\/h2>\n\n\n\n<p><strong><em>For markets:<\/em><\/strong><em>&nbsp;Ford will trade you chips for batteries.<\/em><\/p>\n\n\n\n<p>Ford\u2019s share price hit a two-decade high this month, and there could be a couple of reasons why. For one thing, the company\u2019s managing the global chip shortage better than other carmakers, and that looks set to continue given Ford\u2019s new&nbsp;<a href=\"https:\/\/www.cnbc.com\/2021\/11\/18\/ford-partners-with-globalfoundries-to-increase-chip-supplies.html\">partnership<\/a>&nbsp;with contract chipmaker GlobalFoundries. And for another, investors are excited about the carmaker\u2019s big EV push. But there\u2019s a problem: Ford might not actually be able to make or source all the EV batteries it needs. In fact, EV battery research firm&nbsp;<em>Benchmark Mineral Intelligence<\/em>&nbsp;reckons Ford will produce just 900,000 EVs a year by 2030 \u2013 well below what\u2019s expected of other carmakers.<br><br><strong><em>The bigger picture:&nbsp;<\/em><\/strong><em>Apple\u2019s at it again.<\/em><\/p>\n\n\n\n<p>Apple\u2019s not about to let the carmakers have all the fun: the tech giant\u2019s been&nbsp;<a href=\"https:\/\/www.theguardian.com\/technology\/2021\/nov\/18\/apple-aims-to-launch-self-driving-electric-car-in-2025-says-report\">fast-tracking<\/a>&nbsp;the development of its own electric car, which will reportedly arrive as early as 2025. And even if it wants to slam the brakes on the whole project, it might struggle: Apple\u2019s focusing on full self-driving capabilities, with the car rumored to have no steering wheel or pedals.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted on November 19, 2021 &#8211; <a href=\"https:\/\/www.finimize.com\/wp\/news\/speed-freak-2\/\">Speed Freak<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ford announced on Friday that it\u2019s aiming to take electric vehicle (EV) production from zero to 600,000 in two years flat.<\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,8,9,22,26,3],"tags":[2060,437],"contributors-categories":[13597],"class_list":{"0":"post-112237","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-north-america","7":"category-region","8":"category-securities","9":"category-stocks","10":"category-text-articles","11":"category-traders-insight","12":"tag-electric-vehicles","13":"tag-ford","14":"contributors-categories-finimize"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Speed Freak | Traders&#039; Insight<\/title>\n<meta name=\"description\" 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