Ford postpones the launch of a new EV plant and scraps plans for an electric three-row SUV.

• The new plant in Tennessee was initially predicted to start producing vehicles next year.
• The company anticipates starting battery cell production at the site in 2025, despite the delay.

The company has decided to postpone the production of a new plant in Tennessee and scrap its plans for a three-row electric SUV in order to focus on developing a next-generation all-electric pickup truck, according to a statement made on Wednesday.

Ford announced that it will prioritize the development of hybrid models and electric commercial vehicles, including a new electric commercial van in 2026 and two pickup trucks in 2027.

A full-size truck and a new midsize pickup are expected to be produced at the Tennessee plant that's currently under construction in 2027.

Ford announced that it will record a special non-cash charge of approximately $400 million due to the write-off of certain manufacturing assets related to specific products, including the cancellation of the three-row SUV.

The company stated that the changes may lead to additional expenses and cash expenditures of up to $1.5 billion. Ford will account for these expenses in the quarter in which they occur, as a special item.

The company expects to start battery cell production at the new plant in Tennessee in 2025, despite initial plans for vehicle production to begin next year.

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