Ford CFO Says Volume, Optimized Design, Smaller Batteries All Key To Reducing Cost Of Second-Gen EVs; Company's Third-gen EVs Will Mark A "Step Change" In Cost Reduction Over Second Gen
Portfolio Pulse from Benzinga Newsdesk
Ford's CFO discussed strategies for reducing the cost of second-generation electric vehicles (EVs), emphasizing increased volume, optimized design, and smaller batteries. The company anticipates a significant cost reduction with the introduction of third-generation EVs, marking a 'step change' over the second generation.
November 30, 2023 | 3:48 pm
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POSITIVE IMPACT
Ford's CFO has highlighted key strategies to reduce costs for future EVs, which may positively influence investor sentiment due to potential increased profitability and competitiveness in the EV market.
The CFO's comments suggest that Ford is actively working on reducing production costs, which is crucial for the profitability of EVs. This can lead to better margins and make Ford more competitive against other EV manufacturers. The focus on cost reduction is likely to be well-received by investors, as it indicates a forward-thinking and sustainable approach to the growing EV market.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90