The reorganization and additional investment comes as Chief Executive Jim Farley bets aggressively on the company's electrification strategy. Farley said Ford plans to build more than 2 million EVs in 2026. Doug Field will lead Ford Model e's product development.
Jeep's upcoming EV could be a compact-SUV with dimensions similar to that of the Compass. The electric SUV is expected to make its debut in early 2023.
With the additional battery pack, the Simple One will be priced at Rs. 1.45 lakh. Without the extra battery, the Simple One will continue to cost Rs. 1.10 lakh.
The companies have signed a Memorandum of Understanding (MoU) and commercial agreement for setting up battery sharing services. It also marks the global debut of Honda's battery sharing service business.
The 2022 MG ZS EV will soon roll out of MG Motors manufacturing facility in Halol, Gujarat, same as its predecessor, in two trims, with a slightly revised price.