By Dhirendra Tripathi
Investing – Ford Motor (NYSE:F) shares rose 7.5% Wednesday after the carmaker said 40% of its global output would be all-electric by 2030.
At its Delivering Ford+’ Capital Markets Day to showcase its plans for EVs, the company had something for everybody.
It said its vehicles will incorporate digital lifestyles by fully integrating best-in-class technology from the likes of Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Google (NASDAQ:GOOGL) and Baidu (NASDAQ:BIDU).
Ford aims to have about 1 million vehicles that are capable of receiving over-the-air system updates on the road by the end of this year and to exceed Tesla’s volume by July 2022.It has also raised planned electrification spending to $30+ billion by 2025, including development of IonBoost batteries.
