(Reuters) -Ford Motor Co said on Monday it planned to announce at an investor event new deals to source battery materials, as the automaker ramps up electric vehicle production to 2 million units by the end of 2026.
The company is holding a “Capital markets” event later in the day.
Ford reaffirmed its full-year guidance of $9 billion to $11 billion of adjusted earnings before interest and taxes and about $6 billion in adjusted free cash flow.
The automaker continues to expect its electric vehicle unit to lose $3 billion this year.
(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Sriraj Kalluvila)
