Ford is getting ready a serious electrical car announcement that CEO Jim Farley calls a “Mannequin T second,” as reported earlier by InsideEVs. Throughout an earnings name on Wednesday, Farley stated the corporate will reveal plans to design and construct a “breakthrough” EV, together with a brand new platform, at an August eleventh occasion in Kentucky.
At the same time as Ford’s EV enterprise took a $1.3 billion hit, the automaker’s “skunkworks” staff, helmed by former Tesla engineer Alan Clarke, has been working within the background to develop a extra reasonably priced electrical automotive. “This can be a Mannequin T second for us at Ford, an opportunity to carry a brand new household of autos to the world that provide unimaginable expertise, effectivity, area, and options,” Farley stated.
Farley says Ford is working to compete with the low-cost EVs made by Chinese language automakers, like Geely and BYD. “We imagine the one method to actually compete successfully with the Chinese language over the globe on EVs is to go and actually push ourselves to radically reengineer and remodel our engineering provide chain and manufacturing course of,” Farley stated. “That may come to life quickly.”
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