At its online Capital Markets Day for investors Ford said it intends to build two new dedicated EV platforms, and also said it plans to increase its EV investment as well as ramp up its connectivity capabilities.
Ford said it expects 40 percent of its global sales to be full EVs by 2030. Under the new strategy called Ford+, the automaker said it is going to up its EV investment to more than $30 billion by 2025 to fund two new modular EV platforms, as well as several battery technologies meant to reduce manufacturing costs, minimize environmental impact and increase usability, according to the company.
Ford said one of the EV platforms is a rear- and all-wheel-drive platform planned for a wide variety of trucks and SUVs (electric Explorer and Bronco?) and the other platform is bigger and is intended for full size pickups and commercial vehicles. Sources told Autoweek the two platforms should greatly cut manufacturing costs and potentially boost profit margins while also upping scalability. Ford said the plan is to share 80 percent of components across its whole portfolio.
Ford also said it was developing a new IonBoost battery program – think EcoBoost engine strategy, only for batteries. IonBoost batteries will come in two types: lithium ion for consumer vehicles and iron phosphate for commercial vehicles, called IonBoost Pro.
After investing in the battery engineering firm Solid Power, Ford said it expects to bring “long-range, low-cost” solid-state batteries to market by 2030. Ford is also partnering with Korean company SK Innovation to form BlueOvalSK, a battery production company that Ford said will produce 60GWh worth of power units a year for Fords and Lincolns at two separate sites in North America. A new Ion Park facility in the U.S. is a dedicated center to develop and manufacture batteries and enhance Ford’s battery technologies. The company said Ion Park comprises more than 150 experts in battery chemistries, testing, manufacturing and value-chain management who will boost battery range and lower costs to customers and Ford
A couple weeks ago Ford announced the connectivity capabilities of its new Mach-E and F-150 models, and at Capital Markets Day outlined a plan to make sure its vehicles are “always on” – meaning connected to the cloud and capable of receiving comprehensive over-the-air updates and offering enhanced entertainment and safety functions at reduced development costs, the company said. Ford said it will have sold 33 million over-the-air-enabled Ford and Lincoln models by 2028.
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