Ford offered its first peek of a Mustang-inspired electrical crossover almost 14 months months. Now, it’s prepared to indicate the world what “Mustang-inspired” means.
The automaker mentioned Thursday it can debut the electrical SUV on November 17 forward of the LA Auto Present.
Not a lot is understood concerning the electrical SUV that’s coming to market in 2020, regardless of dropping the occasional teaser picture or trace. A new webpage launched lately, which offers few particulars, specifically that Ford is focusing on an EPA-estimated vary of at the least 300 miles. The look, specs and worth should wait till at the least the November 17 debut date.
What we do know is that Ford’s future (and definitely its CEO’s) is tied to the success of this shift to electrification. The Mustang-inspired SUV won’t be the cornerstone to this technique (an electrical F150 in all probability deserves that designation), however will probably be a crucial piece.
Ford has traditionally backed hybrid expertise. Again in 2016, Ford Chairman Invoice Ford mentioned at a Fortune occasion that he seen plug-in hybrids as a transitional expertise.
Quite a bit has modified. Hybrids are nonetheless a part of the combination. However prior to now 18 months, Ford has put extra emphasis on the event and manufacturing of all-electric automobiles.
In 2018, the corporate mentioned it can make investments $11 billion so as to add 16 all-electric automobiles inside its world portfolio of 40 electrified automobiles via 2022.
Ford unveiled in September on the Frankfurt Motor Present a variety of hybrid automobiles as a part of its plan to succeed in gross sales of 1 million electrified automobiles in Europe by the tip of 2022.
It additionally invested in electrical car startup Rivian and locked in a take care of Volkswagen that covers quite a few areas, together with autonomy (by way of an funding by VW in Argo AI) and collaboration on improvement of electrical automobiles. Ford will use Volkswagen’s MEB platform to develop “at the least one” absolutely electrical automotive for the European market that’s designed to be produced and offered at scale.