Ford is looking to make affordable EVs to compete with Tesla's upcoming low-cost EV and preparing to fend off potentially U.S.-bound Chinese EVs.
The fear of affordable Chinese EVs entering the U.S. through Mexico has rattled American carmakers. But it seems like they are finally responding with some countermeasures to the potential onslaught of Chinese EVs. Remember Ford’s announcement from last month about an internal “skunkworks” team developing a low-cost electric vehicle platform? Some new details have surfaced about this project.
Ford is also exploring other battery technologies to further cut costs, the report said. This rounds out what Ford CEO Jim Farley said last month while announcing the low-cost EV platform. 'All of our EV teams are ruthlessly focused on cost, and efficiency, in our EV products. The ultimate competition is going to be the affordable Tesla and the Chinese ,' he said. It makes sense for Ford to strike three different segments with one low-cost platform.
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