Ford writes off $19.5B in its Model e EV division, citing weaker demand and high costs, and shifts strategy toward hybrids and slower EV expansion.
Ford Motor Company announced a write-off of $19.5 billion in assets in its EV division, Model e. The main impact affected the electric pickup F-150 Lightning project and other prospective EV platforms linked to it. The company admitted that it overestimated demand growth and underestimated the impact of high production costs.
Ford management announced a strategy revision, shifting its main focus to hybrid vehicles and a more gradual development of its EV lineup. This reflects a broader industry trend: major automakers are scaling back ambitious EV plans amid market cooling and growing competition from Chinese manufacturers.
Raport finansowy Xiaomi za Q1 2026: segment EV przyniósł 19,9 mld juanów przychodu i wzrost dostaw do 80 856 aut. Sukces crossovera YU7 mimo straty operacyjnej.
Xiaomi Q1 2026 financial report: Smart-home and AI revenue reaches 19.9B yuan, EV deliveries up to 80,856 units, led by the YU7 crossover despite margin pressure.
Geely updated the Geome Xingyuan (EX2) EV with an aggressive starting price of 61,800 yuan, a new range of up to 480 km, and Flyme Auto 2.0.
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