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 call 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 automotive. “It is a Mannequin T second for us at Ford, an opportunity to convey a brand new household of automobiles to the world that provide unimaginable know-how, effectivity, house, 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 option 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 may come to life quickly.”