Ford drastically cuts workforce at F-150 Lightning EV plant amid ‘much slower’ demand
Baua Electric
MARCH 28, 2024
CEO Jim Farley revealed Ford was developing a low-cost EV platform. Lawler said the ultimate competition will be low-cost EVs from China, like BYD, and Tesla, which is planning a $25,000 EV of its own. New electric SUVs like the Honda Prologue and Acura ZDX are joining the market. It starts at $73,495.
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