Monitoring Desk
ISLAMABAD/MICHIGAN: Ford Motor Co has stopped production and shipments of its F-150 lightning electric pickup after discovering a potential battery problem during pre-delivery checks.
“We aren’t aware of any incidences of this issue in the field,” Ford spokesperson Emma Bergg said. She said the production halt was issued at the start of the previous week.
Ford said it is investigating the matter, which was earlier reported by CNBC and first reported by Motor Authority. Shares of the automaker were down 1 percent in afternoon trade.
It didn’t provide a timeline for restart.
Supplies batteries to Ford
South Korea’s SK Innovation Co Ltd SK On supplies batteries to Ford.
“We are currently probing the matter at the moment,” an official at SK On said in a statement.
SK On makes batteries in South Korea, Hungary, China and the US for clients including Ford, Volkswagen AG and Hyundai Motor Co.
Shares of SK On’s parent SK Innovation fell as much as 3.9 percent to hit a near three-week low in morning trade.
Earlier this month, Ford has posted disappointing quarterly results and flagged uncertainty around semiconductor chip supply.
The automaker the previous year added a third work crew for the electric pickup truck to capitalize on the strong demand for EV adoption.
