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From: Denc 🗡
EVs Kaput…. Ford (F) announced a series of moves in its EV business, pivoting to a hybrid and extended-range EV (EREV) strategy instead of full EVs. The company will take a whopping $19.5 billion in charges related to the move. Ford canceled the Lightning EV pickup in its existing form, and the company said it would shift battery production to other areas. “The operating reality has changed, and we are redeploying capital into higher-return growth opportunities: Ford Pro, our market-leading trucks and vans, hybrids, and high-margin opportunities like our new battery energy storage business,” Ford CEO Jim Farley said in a statement. Ford will concentrate its North American EV development on its new, low-cost, flexible Universal EV Platform used for smaller, more efficient EVs designed to tap into a broader range of customers. As part of this plan, the next iteration of the F-150 Lightning will shift to an EREV architecture and be assembled at the Rouge Electric Vehicle Center in Dearborn, Mich. EREVs are essentially EVs that use an onboard gas engine as a generator to charge the vehicle's batteries.

Current Thread	Author	Time
EVs Kaput…....[more]	Denc 🗡	03:54:09
>> "Ford will concentrate its North American EV development on its new, low-cost, ... [more]	LP12	10:11:16
>> Hybrids are a superior solution to the non - problem.	Free Thinking Doggie	06:48:30

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