Ford Motor needs batteries for its electric vehicles more than semiconductor chips, CEO Jim Farley told CNBC’s Jim Cramer on Thursday.
His comments come after the Detroit automaker shut down customer reservations for an upcoming electric version of the F-150 after they hit 200,000 units, which is more than double Ford’s annual production capacity for the vehicle. The electric F-150 Lightning is scheduled to go on sale in the spring.
“We’ll get the semiconductors, that’s a matter of prioritizing the (battery-electric vehicles) over the (internal combustion engine) vehicles,” Farley said during a webcast for the CNBC Investing Club with Jim Cramer. “The issue is batteries. That’s what we…