EV’s to Get a Major Pick Up
Automakers regularly announce and launch new vehicles. In fact, there’s enough news coming out of the auto industry that, in any given month, its easy to miss even the occasional big announcement. With that in mind, I feel it’s important to draw your attention to an important piece of news that came out a little earlier this month: Ford is making an all-electric version of the F-150 pickup truck and is also planning an all-electric transit van.
For those of you who from outside of North America, let me quickly outline the backstory. Ford’s F-series trucks have been the bestselling vehicle in the US for the last 40 years. That’s right, the last four decades in a row. Pickups generate about a third of Ford's sales and an even bigger percentage of profits so, for the company to be serious about moving to EVs, the F-series needs to get electrified.
A hybrid version was already in the works so this latest announcement is an all-electric addition.
This announcement is more important than one of World’s top automakers electrifying its most important product line. It tells us that Ford is confident enough in the progression of EV battery strength and charge duration that it can move forward with an all-electric F-150.
These vehicles are serious workhorses. Sure, you can get fully-loaded luxury versions for people who want a big, shiny, powerful vehicle but on the whole, they are marketed, sold and used for their designed purpose of hauling, towing and dealing with difficult terrain and road conditions.
Ford isn’t the first automaker to announce that a fully-electrified pickup is on the way. Tesla has announced one, EV startups Rivian and Bollinger are also rivals and GM recently stated it is considering plans to electrify its Sierra line of pickups. However, when it comes to these incredibly popular types of vehicles, Ford is the undisputed leader and where it goes, everyone else will follow.
Good news for EVs. Good news for battery metals.
Anthony Milewski, Chairman of Nickel 28
About Anthony Milewski
Noted industry expert, Anthony Milewski, has spent his career in various aspects of the mining industry, including as a company director, advisor, founder and investor. In particular, he has been active in the commodities related to decarbonization and the energy transition, including nickel, cobalt, copper and also carbon credits. Anthony has served on the London Metals Exchange Cobalt Committee, which includes representatives from the largest mining and commodities companies globally, to represent the interests of the industry to the board of directors the LME. Mr. Milewski holds a B.A. in Russian history from Brigham Young University, an M.A. in Russian and Central Asian Studies from the University of Washington, and a J.D. from the University of Washington. Anthony Milewski has been interviewed by numerous Media outlets, including BNN, The Financial Times, Bloomberg, The Northern Miner and many others. Most recently, Anthony Milewski has written op-ed articles for leading mining publications including The Northern Miner.
Forward-Looking Information: Some of the posted entries on the CEO Corner may contain forward-looking statements. Forward-looking statements address future events and conditions which involve inherent risks and uncertainties. Actual results could differ materially from those expressed or implied by them. Examples of forward looking information and assumptions include future estimates of the worldwide supply and demand for nickel and other metals and the effect that these changes could have on the short term and long term price of nickel and other metals on the world markets, statements regarding the future operating or financial performance of Nickel 28 including the net present value, metal recoveries, capital costs, operating costs, production, rates of return and payback. Forward looking statements involve known and unknown risks and uncertainties which may not prove to be accurate. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com.
In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "projects", "plans", "anticipates" and similar expressions. These statements represent management's expectations or beliefs concerning, among other things, future operations and various components thereof affecting the economic performance of Nickel 28. Undue reliance should not be placed on these forward-looking statements which are based upon management's assumptions and are subject to known and unknown risks and uncertainties, including the business risks discussed above, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted.
Links: Some of the posted entries on the CEO Corner may include links to 3rd party websites. Nickel 28 has not reviewed all websites linked to or from this Site and is not responsible for the contents of any such websites. The inclusion of any link does not imply endorsement by Nickel 28 of the linked website or its content. Use of any such linked website is at the user's own risk.
For further information we refer you to our legal notice.
