Ford Motor Co.’s market value breached $100 billion for the first time on Thursday, as more investors bet on the Detroit automaker’s electrification strategy. The company’s shares, which have more than doubled in value last year, were up 3.7 percent in afternoon trade after hitting a more than two-decade high earlier. Ford is now worth more than its century-old rival General Motors, whose market cap stands at about $88.61 billion, and EV start-up Rivian Automotive, whose value is about $77.8 billion. But, the automakers are still dwarfed by EV leader Tesla Inc., which has a market cap of over $1 trillion. Shares of Tesla were down 4.7 percent on Thursday. Ford’s gains come amid its plans to double production capacity for the electric version of its hugely popular F-150 pickup truck to 150,000 vehicles as part of Chief Executive Jim Farley’s aggressive electrification strategy. Demand for the F-150 Lightning electric …