Ford Motor Co (FN) will announce on Wednesday that it is developing two dedicated fully electric vehicle platforms, one for trucks and full-size SUVs, the other for cars and small SUVs, as part of a strategy to catch General Motors Co (GM.N), Volkswagen AG (VOWG_p.DE) and Tesla Inc (TSLA.O) in the global race for electrification, sources familiar with Ford’s plans have said.
The all-EV platforms are part of an ambitious multi-year, multi-billion dollar plan that the No.2 U.S. automaker will present to investors on its Capital Markets Day at an online event.
The dedicated platforms will give Ford common architectures – including shared chassis components, electric motors and batteries – on which to base many of its future electric vehicles. This will allow it to simplify and reduce costs on everything from logistics to manufacturing as it moves from a global product line primarily to fossil fuels.
Ford has said it will not comment on future product speculation.
At Wednesday’s investor event, the company will also provide more details on its long-range battery strategy, including a recently announced battery joint venture with Korea’s SK Innovation (096770.KS), as well as broader goals for electric, commercial and autonomous driving. vehicles, said the sources, who asked not to be named. Read more
Ford had previously announced that it would spend $ 22 billion until 2025 to electrify many of its vehicles in the Americas, Europe and China. The sources said Ford plans to launch at least nine fully electric cars and SUVs and at least three electric trucks, vans and larger SUVs, including second-generation editions of the Ford F-150 Lightning and Mustang Mach-E in mid of the decade.
What Ford CEO Jim Farley can’t predict, however, is whether – and how much – customers will embrace the new battery-powered vehicles, even if they are able to match or beat their current counterparts. combustion engines in terms of price, performance and operating costs. This concern is shared by almost all automakers except Tesla, whose range is 100% electric.
Ford’s traditional rivals have sprinted ahead, with VW and GM committing tens of billions of dollars to electrify their fleets in the same markets as Ford, but on more aggressive schedules. VW and GM will each have at least two dedicated EV platforms, on which many of their future vehicles will be based.
VW launched the first of its all-new electric vehicles, the ID.3, last year in Europe, while GM will begin building its new Hummer EV pickup later this year in the United States. The two companies are also rolling out additional EV models that will share key components with these vehicles.
Ford introduced the Mustang Mach-E earlier this year, an electric crossover built on a new, dedicated platform with the internal GE designation, the sources say.
A new version of this platform, designated GE2, will debut in mid-2023, underpinning the new Ford and Lincoln SUVs, according to Sam Fiorani, head of global forecasting at AutoForecast Solutions.
The same GE2 platform will ultimately be used as the basis for the Mustang Coupe and Mach-E replacements, the sources said.
Ford will use a second passenger car platform – a version of Volkswagen’s MEB architecture – in Europe for at least two new models from 2023, according to the sources.
In February, Ford announced that its European range would be fully electric by 2030. read more
The redesigned F-150 Lightning, slated for late 2025, is expected to be the first to use the new TE1 truck architecture, Fiorani said. The first-generation Lightning, which will debut next spring, uses a platform largely derived from the standard F-150.
Ford could also use the new TE1 platform for electric versions of the Lincoln Navigator and Ford Expedition SUVs, the sources say.
In addition, Ford is expected to get a new electric vehicle, possibly a mid-size pickup, which would be based on a platform from the start-up EV Rivian, in which Ford is an investor.
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