Ford will pause production of its electric F-150 Lightning from mid-November until early January to manage high inventory levels and reduce losses on the vehicle.

The Rouge Electric Vehicle Center in Michigan will undergo a seven-week shutdown, including holiday downtime.

Around 730 workers will be temporarily laid off, though not all for the full period.

Despite an 86% sales increase, Ford’s electric vehicle (EV) division is expected to lose about $5 billion this year, CNBC has reported.

Ford plans to lower costs in future EV models and has cut planned output of the F-150 Lightning, with EV inventory now far exceeding the target supply range.

Written by B.C. Begley