Investment in Sulawesi Tengah's Nickel Projects: How Does This Affect Ford's Electric Vehicle Targets?

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Erlina Fury Santika 31/03/2023 18:58 WIB

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Ford joins a nickel refining project in Central Sulawesi. This smelter will produce raw materials for electric vehicle batteries. What is Ford's target production capacity in the future?

Ford's Global Electric Vehicle Production Target

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Investment in Sulawesi Tengah's Nickel Projects: How Does This Affect Ford's Electric Vehicle Targets?

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Ford's Global Electric Vehicle Production Target

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Ford Motor Company, a renowned American automaker, is investing in a nickel refining project in Southeast Sulawesi (Sulteng), Indonesia. As reported by *Katadata*, this smelter will produce battery materials for electric vehicles.

Ford, in partnership with PT Vale Indonesia and Zhejiang Huayou Cobalt, has committed US$4.5 billion (Rp 67.4 trillion) to the project, signed on Thursday, March 30, 2023. The project will be located in Pomalaa District, Kolaka Regency.

What about Ford's future electric vehicle sales and production targets?

*CNN* reports that Ford sold 96,000 electric vehicles in 2022. Ford experienced losses of approximately US$3 billion over the past two years.

However, Ford expects its electric vehicles to become profitable quickly. *Reuters* reports the company has set an ambitious production target of 600,000 units in 2023.

This includes 270,000 Mustang Mach-E units, 160,000 F-150 Lightning pick-up trucks, 150,000 Transit vans, and 30,000 new SUVs.

By the end of 2026, Ford aims to produce over 2 million units annually. To achieve this, they are securing approximately 70% of battery cell production capacity.

"Ford says it is also securing battery cell raw materials directly, agreeing to source most of the nickel it needs through 2026 and beyond through agreements with Vale SA's units in Canada and Indonesia, China's Huayou Cobalt and BHP," wrote *Reuters* in July 2022.

(See also: Battery Electric Vehicle Sales Surge, Outpacing Hybrids)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Investment in Sulawesi Tengah's Nickel Projects: How Does This Affect Ford's Electric Vehicle Targets?

Investment in Sulawesi Tengah's Nickel Projects: How Does This Affect Ford's Electric Vehicle Targets?

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Related Data

6,770 Konawe Utara Residents with Higher Education in December 2024

Kendari City Government Regional Revenue Realization as of November 2025

Number of Workers at PT IMIP's Nickel Industrial Zone Continues to Rise from 2020-2025

Konawe Selatan Regency Government's Regional Revenue Realization as of November 2025

Energy Production Projections in Southeast Asia until 2029, Indonesia Ranks Highest

BYD Dominates Global Electric Car Sales until August 2025

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Investment in Sulawesi Tengah's Nickel Projects: How Does This Affect Ford's Electric Vehicle Targets?

Investment in Sulawesi Tengah's Nickel Projects: How Does This Affect Ford's Electric Vehicle Targets?

Tags

Related Data

6,770 Konawe Utara Residents with Higher Education in December 2024

Kendari City Government Regional Revenue Realization as of November 2025

Number of Workers at PT IMIP's Nickel Industrial Zone Continues to Rise from 2020-2025

Konawe Selatan Regency Government's Regional Revenue Realization as of November 2025

Energy Production Projections in Southeast Asia until 2029, Indonesia Ranks Highest

BYD Dominates Global Electric Car Sales until August 2025

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