Ford's (F) EV Mustang Mach-E Test Vehicle Rolls Off Assembly Line in China, Likely to Enter Mass Production Soon
- Wall Street ends volatile week sharply higher
- Disney (DIS) Dips As Streaming Business Shows Signs of Slowing Down, Analysts 'Very Bullish' on LT Opportunity
- Airbnb (ABNB) Bookings Up 52% to Help Sales Beat, Seen as a 'Blow Out Quarter' as More Upside is Left
- DoorDash (DASH) Reports Bigger Loss and a Sales Beat, Shares Soars on Strong Guidance and Two Upgrades to 'Buy'
- Coinbase (COIN) To Add Dogecoin Trading in the Next Few Weeks
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
Ford’s (NASDAQ: F) Mustang Mach-E electric test vehicle rolled off the assembly line at the China factory, indicating that the car will soon enter mass production in a potential threat to Tesla (NASDAQ: TSLA).
Mustang Mach-E is an electric vehicle (EV) produced by Ford’s joint venture in China, Changan Ford. The car has dimensions of 4724/1880/1600mm and a wheelbase of 2972mm. The GT version has a maximum power of 342kW, max torque of 830N⋅m, as well as an acceleration time from 0-100km of 3.5 seconds.
Its rollout at the plant signalizes that it will soon enter mass production and become available for sale to compete with rival models such as the Tesla Model Y and NIO ES6. The Mustang Mach-E has a 190kW drive motor, while the larger version is available with 210kW and 248kW motors.
The model received praise from Tesla investor Ross Gerber, who is the CEO of Gerber Kawasaki Wealth and Investment Management.
Gerber tweeted: "Let's start with, tesla is not a car company, it's a tech company. Ford is a car company making an EV. But it's a good EV."
“I test drove it today too and it’s a fine car but it’s a car that’s electric - a Tesla is a computer on wheels and futuristic and bold. The Mach e is for people not ready for the full transition and still want that classic ‘car’ feel while being electric,” he added.
Ford Mustang Mach-E received a blow recently as the UK is set to slash EV subsidies and downgrade the upper limit of eligible cars from £50,000 to £35,000. This means Tesla’s Model 3 and Mustang Mach-E will no longer be covered by the scheme.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla (TSLA) Discussing a Low-Cost Battery Supply Deal With China's EVE - Report
- Tesla (TSLA) IV flat, shares drop below 200-day moving average
- Bipartisan Group Of U.S. Senators Set To Propose Friday $52 Billion In Funding To Boost U.S. Semiconductor Production, Research - Reuters
Create E-mail Alert Related CategoriesCorporate News, Trader Talk
Related EntitiesTesla, Model 3
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!