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Ford low-cost EV platform to compete with Tesla being designed by “skunkworks team:” CEO

Teslarati

In a recent earnings call, Ford CEO Jim Farley revealed that over the past two years, a specialized EV team from the automaker has been developing a new, modular electric vehicle platform focused on cost reduction. We developed a super-talented skunkworks team to create a low-cost EV platform. It was a startup.

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Ford is building a low-cost EV platform with some of the ‘best EV engineers’ to rival Tesla

Baua Electric

Ford (F) assembled a “super-talented skunk works team” to build a low-cost EV platform. Ford is “secretly” developing a low-cost EV platform Following Tuesday’s Q4 and full-year 2023 earnings results, Farley explained that Ford is adjusting its capital while switching gears to focus on smaller EVs.

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Ford drastically cuts workforce at F-150 Lightning EV plant amid ‘much slower’ demand

Baua Electric

Ford is drastically cutting its workforce at the facility where the F-150 Lightning is built, with demand “much slower” than expected. Ford cutting F-150 Lightning workforce Ford initially announced the reduction in January, citing “slower than expected” demand. Instead, workers are being reassigned or offered retirement.

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Ford Mustang Mach-E price cuts are proving affordable EVs are in demand

Baua Electric

Ford is moving inventory after slashing prices by up to $8,100 on its best-selling electric SUV, the Mustang Mach-E , last month. A recent Cloud Theory report reveals that the price cuts are working as buyers look for more affordable EVs. EV volume was up 20% last year, but it was mainly driven by the F-150 Lightning.

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Is Hyundai’s IONIQ 6 the ultimate EV? Fast charging, long-range, and affordable price

Baua Electric

According to a new report, the Hyundai IONIQ 6 is the only EV on the market offering fast charging in under 20 minutes, over 350 miles range, and at an affordable starting price. And you get all of this starting at an affordable starting price of as little as $38,650. 361 $43,656 SEL RWD 77.4 305 $46,365 Limited RWD 77.4

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Audi is the latest automaker to reveal plans for a lower-cost EV

Baua Electric

Audi is joining the race as automakers gear up to introduce new, lower-cost EV models. Audi plots a new lower-cost EV, an electric A3 or Q3 After unveiling the new Q6 e-tron this week, its next-gen premium mid-size electric SUV, Audi, is planning a smaller, lower-cost EV. Kia is also planning a series of low-cost models.

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

Baua Electric

Ford is developing a new low-cost EV platform to power a small electric pickup and SUV, with starting prices around $25,000. Shifting to low-cost EVs Although low-cost Chinese passenger EVs, like BYD , are not sold in the US, they are having a big impact on domestic automakers.