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Photo: Bill Pugliano/Getty Images

Ford Motor Co. said on Tuesday that it's doubling production capacity for the forthcoming electric F-150 pickup to 150,000 annually to help meet demand for the vehicle.

Why it matters: Ford's F-series pickups have been the best-selling vehicles in the U.S. for decades, making the electric version a key indicator of whether pickups with a plug will find a mass market.

  • It's also part of a wider competition in the electric pickup market among legacy automakers and startups.

Driving the news: Ford's announcement comes a day before GM unveils its electric Silverado.

What's next: Deliveries of the Ford begin this spring. Ford plans to reach the 150,000 production capacity level by mid-2023, TechCrunch reports.

The starting price is $39,974 without federal tax incentives. It ranges up to $92,000, depending on configurations, per the Detroit Free Press.

Go deeper

Ben Geman, author of Generate
Jan 14, 2022 - Energy & Environment

Indian electric vehicle company EVage raises $28 million

Illustration: Aïda Amer/Axios

The Indian electric vehicle company EVage just raised a $28 million seed round aimed to help the firm build delivery trucks for companies including Amazon's partner in the country.

Driving the news: The U.S.-based, mobility-focused VC firm RedBlue Capital led the funding round, and its aimed at enabling EVage to complete a factory outside of Delhi, the announcement states.

China builds its own movie empire

Expand chart
Data: Gower Street citing Comscore; Chart: Kavya Beheraj/Axios

China blocked all four of Disney's Marvel movies from being released in its theaters last year, a grim sign for U.S. film giants being squeezed out of the world's fastest-growing box office.

Why it matters: The Chinese Communist Party is using domestic films as a key conduit for mass messaging aimed at achieving political goals, leaving little room for foreign views.

Why 401(k) rollovers are so annoying

Illustration: Aïda Amer/Axios

If you happened to change jobs recently, you may have tried to transfer your retirement account from your former employer into an Individual Retirement Account or your new employer's 401(k) plan. If so, you probably encountered a bureaucratic gantlet — and you're not alone.

Why it matters: Kludgey processes around retirement account transfers result in people losing track of their funds, giving up important tax advantages, or otherwise disadvantaging themselves and being less prepared for retirement.