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Ford follows GM, Volkswagen with two new dedicated EV platforms by 2025, Reuters reports

DETROIT — Ford Motor Co. plans to announce on Wednesday that it’s rising two devoted all-electric automotive platforms, one for full-size vans and SUVs, the alternative for vehicles and crossovers, as part of a way to catch Common Motors, Volkswagen Group and Tesla Inc. throughout the world electrification race, sources acquainted with Ford’s plans knowledgeable Reuters.

The all-EV platforms are part of an formidable multi-year, multibillion-dollar plan the No. 2 U.S. automaker will outline to patrons at its Capital Markets Day in an internet primarily based event.

The devoted platforms will give Ford widespread architectures — along with shared chassis components, electrical motors and battery packs — on which to base plenty of its future EVs. That can permit it to simplify and in the reduction of the expense of all of the items from logistics to manufacturing as a result of it transitions from a worldwide lineup of principally fossil-fueled merchandise.

Ford acknowledged it doesn’t contact upon future product speculation.

At Wednesday’s investor event, the corporate moreover will current additional particulars on its long-range battery approach, along with a simply these days launched battery three means partnership with Korea’s SK Innovation, along with broader goals for electrical, enterprise and self-driving autos, acknowledged the sources, who requested to not be named.

Ford beforehand acknowledged it will spend $22 billion by 2025 on electrifying plenty of its autos throughout the Americas, Europe and China. The sources acknowledged Ford is planning to launch on the very least 9 all-electric vehicles and crossovers and on the very least three electrical vans, vans and larger SUVs, along with second-generation editions of the Ford F-150 Lightning and Mustang Mach-E at mid-decade.

What Ford CEO Jim Farley can’t predict, nonetheless, is whether or not or not — and what variety of — purchasers will embrace the newer battery-powered autos, even after they can match or beat current combustion-engine counterparts in worth, effectivity and dealing costs. That concern is shared by virtually all automakers moreover Tesla, whose lineup is 100% electrical.

Ford’s standard rivals have sprinted ahead, with every VW and GM committing tens of billions of {{dollars}} to have an effect on their fleets within the an identical markets as Ford, nevertheless on additional aggressive timetables. VW and GM each can have on the very least two devoted EV platforms, on which plenty of their future autos may be based.

VW launched the first of its all-new EVs, the ID3, closing yr in Europe, whereas GM will begin establishing its new Hummer EV pickup later this yr throughout the U.S. Each companies are additionally rolling out additional EV fashions that will share key components with these autos.

Ford earlier this yr launched the Mustang Mach-E, {an electrical} crossover constructed on a brand new devoted platform with the inside designation GE, the sources acknowledged.

A more moderen mannequin of that platform, designated GE2, will debut in mid-2023, underpinning new Ford and Lincoln EVs, in step with Sam Fiorani, head of world forecasting at AutoForecast Options.

The an identical GE2 platform finally can be utilized as the underside for replacements for the Mustang coupe and Mach-E, the sources acknowledged.

Ford will use a second passenger vehicle platform — a mannequin of Volkswagen’s MEB construction — in Europe for on the very least two new fashions beginning in 2023, the sources acknowledged.

In February, Ford acknowledged its European lineup may be all-electric by 2030.

The redesigned F-150 Lightning, due in late 2025, is predicted to be the first to utilize the brand new TE1 truck construction, Fiorani acknowledged. The primary-generation Lightning, which debuts subsequent spring, makes use of a platform that’s carefully derived from the same old F-150.

Ford may moreover use the brand new TE1 platform for electrical variations of the Lincoln Navigator and Ford Expedition utility autos, the sources acknowledged.

As well as, Ford is predicted to get a brand new EV, in all probability a midsize pickup, which may be based on a platform from EV startup Rivian, throughout which Ford is an investor.

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