NKLA - Ford to Develop Next-Gen EV Platform at Long Beach

Ford has chosen Long Beach, California,  as the official location for the construction of a plant where the U.S. automaker will develop its new electric-vehicle platform. According to Ford, a Skunkworks team based at the Long Beach facility will be tasked with building affordable electric cars on Ford's next-generation, electric-vehicle platform. With the U.S. market and other large EV markets reeling from falling EV demand due to high costs, lower-priced EVs will be key to Ford remaining competitive in America's shrinking EV market.

During a February call with investors, Ford CEO Jim Farley revealed that the automaker had been developing...

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