A “potential battery issue” has sidelined production and shipments of Ford Motor Company (NYSE:F)’s electric F-150 Lightning truck, according to a report from CNBC.
The move is a blow to the carmaker’s electric vehicle production unit and sent its shares sliding around 1.1% on Tuesday afternoon in New York.
"I can confirm a Stop Build and In-Transit Stop Ship for F-150 Lightning,” Ford spokesperson Emma Bergg said in a statement. “As part of our pre-delivery quality inspections, a vehicle displayed a potential battery issue and we are holding vehicles while we investigate."
READ: Ford confirms US$3.5B plan to build EV battery plant in Michigan
Ford told CNBC that its team is “diligently” working on figuring out the root cause of the issue.
The company has placed big bets on an electric vehicle future, with CEO Jim Farley admitting recently that the company is still learning how to improve its EV production.
Earlier this week, Ford announced plans to build a US$3.5 billion EV battery plant in Michigan, making it the first automaker to build its own lithium iron phosphate (LFP) manufacturing capacity.
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