Ford Aims to Compete with China in Low-Cost EV Market
TL;DR Summary
Ford is developing a low-cost electric vehicle platform aimed at competing with Chinese EV manufacturers by matching their cost structures, including using Chinese licensed batteries and offering multiple body styles, with the first model being a midsize electric pickup. However, challenges such as high costs for new battery plants and potential political hurdles remain.
- Ford believes its low-cost EV platform will go head-to-head with China Electrek
- Ford’s leadership team studies China’s auto industry for competitive edge USA Today
- Ford: We will match China's EVs on costs Axios
- “Ford Intends to Match the Cost Structure of Leading Chinese Players”: Ford Stock (NYSE:F) Notches Up With Plans to Beat China on Prices TipRanks
- Inside Ford's Plan To Outfox China's EV Companies InsideEVs
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