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Ford CEO Farley Again Promises Profitable, Affordable EVs for the Masses

The Truth About Cars

Ford loses more than six figures on every EV that it sells, but that hasn’t tempered CEO Jim Farley’s ambitions. Speaking with Yahoo Finance , Farley said his company aims to develop affordable EVs that compete with the rising tide of Chinese models. Images: Ford] Become a& TTAC& insider.

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Ford CEO doubles down on affordable EVs after BYD, China’s EV bet is paying off

Baua Electric

Ford CEO Jim Farley wants the company to deliver affordable EVs like Henry Ford did with the Model T. After China’s bet on EVs “paid off” so far, Ford wants to compete with the best, including BYD. And right now, Ford believes those EVs are coming from China. That’s what Ford is doing in Marshall.

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Ford plans affordable small electric pickup and SUV, starting around $25,000

Baua Electric

Amid a flood of new competition, Ford is shifting plans to build more affordable electric vehicles. Ford is developing a new low-cost EV platform to power a small electric pickup and SUV, with starting prices around $25,000. Ford learned “pretty quickly to bet on a smaller EV platform.”

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Kia suddenly shifts to hybrids, affordable EVs amid waning global demand

Baua Electric

Kia is following in Ford’s footsteps after suddenly announcing plans to introduce more hybrids as it expects slower EV demand. To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. million in 2030.

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After chiding Ford for US CATL battery plan, GM may be seeking its own

Baua Electric

or Mexico, along with a GM license agreement for CATL’s LFP battery tech. Car News China reasons that the deal would likely be similar to the one between Ford and CATL—a deal GM leadership has criticized. Located in Michigan, the plant will make LFP cells under license by CATL but will be be run by Ford. car manufacturing.”

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Volkswagen to go solo on affordable EVs after ending talks with Renault

Baua Electric

Volkswagen has ended talks with Renault to launch an affordable EV, according to sources. Renault announced plans to launch the Twingo e-Tech successor, the Legend, last November. 4 (right) Volkswagen and Renault go solo on affordable EVs Renault plans to continue developing the Twingo EV, which is set to launch in 2026.

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Kia suddenly shifts to hybrids, affordable EVs amid ‘waning global demand’

Baua Electric

Kia is following in Ford’s footsteps after suddenly announcing plans to introduce more hybrids as it expects slower EV demand. To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. million in 2030.

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