Ford Motor Co. projects its electric F-Series pickup factory under construction in Tennessee will ultimately produce half a million trucks a year, about 40% more than the company forecast in November.
The automaker is ramping up the facility as it seeks to reverse losses on electric vehicles, which it expects to reach about $3 billion this year.
The Stanton, Tenn., plant — Ford’s first all-new assembly facility in a half-century — is part of a $5.6 billion compound known as BlueOval City that will include a sprawling battery factory by South Korea’s SK On, a unit of SK Innovation Co.
