Ford is getting ready a significant electrical automobile announcement that CEO Jim Farley calls a “Mannequin T second,” as reported earlier by InsideEVs. Throughout an earnings name on Wednesday, Farley mentioned 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 automobile. “This can be a Mannequin T second for us at Ford, an opportunity to convey a brand new household of autos to the world that supply unbelievable know-how, effectivity, area, and options,” Farley mentioned.
Farley says Ford is working to compete with the low-cost EVs made by Chinese language automakers, like Geely and BYD. “We consider 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 rework our engineering provide chain and manufacturing course of,” Farley mentioned. “That can come to life quickly.”
