Ford is reassessing its EV plans, including vertical battery integration
Publishing timestamp: 2024-02-07 10:04:33
Summary
Ford is reassessing its electric vehicle strategies, including the need for in-house production of batteries. The company believes in the growth of EVs but acknowledges that widespread adoption won't happen until costs are more in line with traditional vehicles. Ford is also developing a smaller, low-cost EV platform and may delay next-generation EVs to ensure profitability. The company will focus on hybrid vehicle sales in the meantime.
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Keywords: transportation, ford motor co, detroit, business news, autos, breaking news: business, business,