Overview
- Jim Farley said disassembling a Tesla Model 3 and Chinese EVs revealed design gaps that humbled him and triggered an overhaul.
- Teardowns showed the Mustang Mach‑E used about 1.6 km more wiring than a Model 3, driving extra weight and a costlier battery.
- Ford is retooling production with roughly $5 billion in new EV investment and a revamped Kentucky facility for future models.
- The first vehicle on the new approach is targeted as a midsize electric pickup around $30,000, which Ford expects to launch in 2027.
- Farley warns Chinese EV makers pose an existential threat as he projects only about 5% near‑term U.S. EV share and greater demand for affordable models.