Ford announces $30K electric pickup truck to compete with Tesla and BYD
TL;DR Summary
Ford's CEO Jim Farley announced a $2 billion investment to overhaul its Louisville assembly line, aiming to produce a $30,000 midsize EV truck by 2027, as part of a broader strategy to compete with Chinese EV maker BYD and Big Tech companies, emphasizing cost reduction and innovative manufacturing to regain market competitiveness.
- Ford's CEO just threw down the gauntlet at BYD and Tesla with its own $30,000 EV truck Business Insider
- Ford invests $5B in Kentucky and Michigan plants for new 'affordable' electric pickup truck production Fox Business
- Ford Rejigs E.V. Plans After Suffering Billions in Losses The New York Times
- Ford's cheaper, simpler $30K electric vehicles are how 'we can make money on EVs,' CEO says Yahoo Finance
- Ford says it will roll out a cheaper electric pickup truck NPR
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