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Victoria Scott

Ford Is Designing A Low-Cost EV Platform To Battle The Tesla Model 3

Ford Tesla Inc. Jim Farley Skunkworks

Ford CEO Jim Farley revealed today in an earnings call that a previously-unknown "skunkworks team" has been working on development of a new EV platform. This team — which Farley said operated as a "startup" outside of the traditional company structure for the past two years — focused on developing a low-cost electric platform. This new flexible platform is going to be the basis for several upcoming vehicles.

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