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- #181
By Ford's own admission, those losses are mostly due to their first generation EVs being way more complex than they needed to be. Way too much wiring, fasteners, requiring too much labor to build etc.Ford claimed they lost $36k on every EV they sold last quarter... how in the world do you think they will produce a low cost EV when they are losing money on high dollar EVs? This is definitely a I will believe it when I see it kinda thing.
Ford said these new dedicated ground up EV platforms will have a few miles less wiring, less fasteners, easier and more cost efficient to manufacturer, with more shared components.
Factor in the fact that with Ford's first gen EVs, they also had to build all new factories, and pour a ton of resources into learning how to make EVs. The most expensive portion of making a product is usually when you're having to learn how to do something for the first time that you've never done before. New factories, new platforms, higher R and D expenses. All of those things lead to higher expenses, and as such, losses for years. Virtually every business big or small is in the red at first as they recoup their investment.
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