[News-Oxcart Network]
According to foreign media reports, ford motor companies in the United States are planning a major restructuring to accelerate the transition to the electric vehicle business. The company will consider adding up to $20 billion in investment in the electric vehicle business, following Tesla's case.
Notably, this potential investment will build on Ford's announced plans to increase investment in electric vehicles to $30 billion by 2025.
The work, which will be led by former Executives from Apple and Tesla, is an important move by CEO Doug Field to challenge Tesla's leadership, the sources said. Ford will invest another $10 billion to $20 billion over the next 5 to 10 years to shift its plants around the world from producing fuel vehicles to electric vehicles.
The new plan also envisages changes to Ford's organizational structure, including hiring a large number of engineers to specialize in areas where the company is still in the shallow, such as battery chemistry, artificial intelligence and electric vehicle software.
As part of the restructuring, Ford also evaluated the idea of "spinning off a small portion of the EV business" to capture the tremendous value that investors are giving to EV startups.
Ford declined to comment on the restructuring and potential spin-offs, but Ford spokesman Mark Truby confirmed in an emailed statement that there would be a lot of movement. "We are executing on the Ford Plus initiative to thrive in this new era of electric and connected cars. We will not comment on speculation. ”
Since becoming CEO 16 months ago, Doug Field, 59, has sped up Ford's electric car plans, which include tripling production of the company's electric Mustang Mach-E and doubling production of the plug-in pickup truck F-150 Lightning, which launched this spring.
Today, global car companies are racing to electrify and be intelligent, and Ford Motor is no exception.
In terms of electrification layout, Ford Motor has made a plan, at the end of 2025, the company will invest more than 30 billion US dollars in the research and development and production of pure electric models and batteries; by the end of 2030, the company's pure electric models will account for 40% to 50% of global sales, while the luxury brand Lincoln will achieve global electrification.
In terms of intelligence, Ford has hired Doug Field, a former apple automotive business program director, to develop advanced technologies and embedded systems.
It can be seen that Ford's transformation has begun to bear fruit: the first pure electric SUV Mustang Mach-E has become the second place in the sales of pure electric SUVs in the US market. In 2021, Ford China achieved annual sales of 624,800 units, up 3.7% year-on-year.
epilogue
Ford, which is actively transforming, is considering continuing to increase investment in electrification and intelligence, what kind of achievements can be achieved by the bold move? Let's wait and see.