Ford to disclose platforms for all-electric autos


Ford Motor Firm (NYSE:F) will reportedly announce extra electrical autos right this moment. Sources instructed Reuters that the automaker is engaged on two all-electric car platforms, one for SUVs and full-size vans and the opposite for smaller SUVs and automobiles. Ford is trailing Basic Motors (NYSE:GM), Volkswagen AG (OTCMKTS:VWAGY) and Tesla Inc (NASDAQ:TSLA) in world electrification. Q1 […]

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This story initially appeared on ValueWalk

Ford Motor Firm (NYSE:F) will reportedly announce extra electrical autos right this moment. Sources instructed Reuters that the automaker is engaged on two all-electric car platforms, one for SUVs and full-size vans and the opposite for smaller SUVs and automobiles. Ford is trailing Basic Motors (NYSE:GM), Volkswagen AG (OTCMKTS:VWAGY) and Tesla Inc (NASDAQ:TSLA) in world electrification.

Q1 2021 hedge fund letters, conferences and extra

Ford set to disclose new EV platforms

The brand new electrical car platforms are a part of Ford’s multi-billion-dollar plan for electrification, which it’s anticipated to divulge to buyers right this moment. The platforms will present widespread architectures for the automaker’s autos, which suggests they may share chassis parts, batteries and electrical motors.

They are going to allow Ford to scale back the bills related to producing EVs, together with the whole lot from manufacturing to logistics. Sources conversant in the automaker’s plans instructed Reuters that it plans to launch at the least 9 all-electric SUVs, vans and vans. Second-generation fashions of the F-150 Lightning and Mustang Mach-E are included within the plan.

What else to count on on the investor day

Sources additionally stated that Ford would supply extra particulars on its technique for long-range batteries at right this moment’s investor day. These plans reportedly embody a three way partnership with Korea’s SK Innovation, which was not too long ago introduced, and wider objectives for self-driving, industrial and electrical autos.

Ford has stated up to now that it plans to spend $22 billion via 2025 on electrifying most of the autos in its line-up. Reuters’ sources stated the automaker plans to launch at the least 9 all-electric automobiles, vans, vans, car-based SUVs and huge SUVs.

Earlier this 12 months, the automaker unveiled the Mustang Mach-E, an electrical crossover constructed on a devoted platform designated internally as “GE.” Sam Fiorani of AutoForecast Options instructed Reuters {that a} newer model of the platform, the GE2, will debut in the course of 2023, and new Lincoln and Ford SUVs will likely be constructed on it.

Reuters’ sources stated the upcoming Mustang coupe and Mach-E could be constructed on the GE2 platform. They added that Ford would use one other passenger automotive platform based mostly on Volkswagen’s MEB structure for at the least two new EVs beginning in 2023.

Can conventional automakers go all-electric efficiently?

Nonetheless, Ford CEO Jim Farley cannot predict if shoppers will purchase the brand new electrical autos, even when they will get the costs, vary, efficiency and working prices in keeping with or higher than these of their counterparts with inside combustion engines. Nearly all conventional automakers share that concern regardless of Tesla’s success with all-electric autos.

Ford’s conventional opponents have pushed forward with electrification, as each Volkswagen and GM poured tens of billions of {dollars} into their plans on a extra aggressive timetable than Ford’s. GM and Volkswagen every could have at the least two devoted platforms for electrical autos with plans to base lots of their upcoming EVs on them.

Volkswagen launched the primary new EV, the ID.3, in Europe final 12 months, whereas GM will begin manufacturing its Hummer electrical pickup within the U.S. later this 12 months. Each automakers are additionally making ready to launch extra electrical fashions that can share vital parts with these autos.

Ford is a part of the Entrepreneur Index, which tracks 60 of the most important publicly traded corporations managed by their founders or their founders’ households. Ford inventory climbed 4% in early buying and selling after Reuters’ report.



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