As the race heats up to introduce more affordable electric cars, Ford is bringing on some of the best EV engineers to help it compete. Over the past few months, Ford has hired talent from Tesla, Rivian, Apple, and Lucid to help accelerate the development of affordable EVs.
A bet on affordability
Ford CEO Jim Farley revealed in February that the company made a bet to develop an affordable EV platform two years ago.
Farley described it as a start-up separate from its primary operations. Although it was a small team, according to Ford’s leader, it has “some of the best EV engineers in the world.”
The team includes several Tesla engineers, including Alan Clarke, who worked on the Tesla Model Y. According to Bloomberg Businessweek, the team had less than 100 people just a few months ago.
New data from TechCrunch shows that the group has quickly grown to around 300. The data shows 50 employees came from Rivian, over 20 from Tesla, and about 12 from Canoo over the past year. It also brought on ten employees from Lucid and another few from Apple’s canceled electric car, Project Titan.
Ford Mustang Mach E at a Tesla Supercharger (Source: Ford)
Ford hires Rivian and Tesla talent for affordable EVs
After bringing on several Rivian employees (many engineers) in the second half of 2023, hiring accelerated this year.
Ford hired a senior design engineer who worked with Tesla’s Gigacasting team as it aims to cut costs. Earlier this year, Farley said the “ultimate competition is going to be the affordable Tesla and the Chinese OEMs.”
Rivian R2 (Source: Rivian)
The hiring spree picked up after Rivian announced it was cutting 10% of its workforce in February. Ford scooped up about a dozen more Rivian engineers as it moved to develop affordable EVs. In May, Ford brought on Canoo’s former VP of engineering.
Ford has also hired talent from eVTOL leaders like Joby, Archer Aviation, and Hyundai’s Supernal.
Although Ford didn’t provide much detail, it did tell TechCrunch the team is known as “Ford Advanced EV” internally.
Ford Mustang Mach-E (Source: Ford
In a statement, Ford’s chief EV, digital, and design officer, Doug Field, said, “The Ford Advanced EV team is part of a global effort to build focused technology and product development teams local to the best talent centers.”
He added, “This team is leading the development of breakthrough EV products and technologies.”
Ford has said the platform will be flexible and can be used to launch several types of vehicles. It’s also expected to be used in other areas of the company, like Ford Pro.
Ford Explorer EV production (Source: Ford)
The news comes as Ford’s first all-electric Explorer rolled off the production line at its Cologne plant in Germany last week. Ford is set to reveal a new electric sports crossover based on Volkswagen’s MEB platform, which is expected to be an electric Capri.
Electrek’s Take
The hiring spree comes as Ford looks to compete with the incoming wave of affordable EVs. Kia opened orders for its new EV3 in Korea last week, starting at just $30,700 (KRW 42.08 million). It’s expected to start at around $35,000 when it reaches the US.
Next year, Kia will launch the EV4, which is expected to start at around $35,000. Sister company Hyundai teased the first look at its new INSTER EV, a low-cost electric car, this week.
Volkswagen finished design work on its ID.2all, which is expected to debut later this year, starting at around $27,000 (€25,000). Rivian also unveiled its smaller, more affordable R2 earlier this year. It’s expected to launch in 2026 at around $45,000.
And that’s not including Chinese automakers like BYD. With so many rivals aiming for the affordable EV segment, will Ford make its mark? By hiring some of “the best EV engineers in the world,” Ford hopes to do just that.
Will Ford come out on top? Let us know your thoughts in the comments.
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Lectric Ebikes appears to be preparing for a major new product launch, teasing what looks like the next evolution of its wildly popular folding fat tire electric bike. Based on the clues, it looks like a new Lectric XP 4 could be inbound.
In a social media post released over the weekend, the company shared a minimalist graphic reading “XP4” along with the message “Tune in 5.6.2025 9:30AM PT.” That date – this Tuesday – suggests we’re just hours away from the big reveal of the Lectric XP 4.
If true, this would mark the next generation of the most successful electric bike in the U.S. market. The current model, the Lectric XP 3.0, has become an icon of accessible, budget-friendly electric mobility. Starting at just $999, the XP 3.0 offers a foldable frame, fat tires, a 500W motor, a rear rack, lights, and hydraulic brakes – all packed into a highly shippable design that arrives fully assembled. It’s the kind of package that has helped Lectric claim the title of best-selling e-bike brand in the U.S. for several years in a row.
With the XP 3.0 still going strong, the teaser raises plenty of questions. Will the XP 4.0 be a modest update or a major leap forward? Could we see new features like torque-sensing pedal assist, a location tracking option, or upgraded performance? Or is Lectric preparing a more comfort-oriented variant, maybe even with upgraded suspension or even more accessories included standard?
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The teaser image, which features stylized stripes in grey, blue, and black, may hold some clues. One theory is that the colors represent new trim options or component upgrades. Another possibility is that Lectric is preparing multiple variants of the XP 4.0 – perhaps targeting commuters, adventurers, and off-road riders with purpose-built versions. We took the liberty of a bit of rampant speculation late last year, so perhaps that’s now worth a revisit.
At the same time though, Lectric’s penchant for launching new models at unbelievably affordable prices has never run up against such strong pricing headwinds as those posed by uncertainty in the current US-global trade war fueled by rapidly changing tariffs for imported goods.
Previous versions of the Lectric XP e-bike line have seen sky-high sales
Whatever the case, Lectric’s knack for surprising the industry with high-value, customer-focused e-bikes means expectations will be high. The brand has built a loyal following by delivering reliable performance at a price point that few can match, and any major update to the XP lineup is likely to ripple across the market.
As a young and energetic e-bike company, Lectric is also known for throwing impressive parties around the launch of new models. It looks like I may need to hop on a red-eye to Phoenix so I can see for myself – and so I can bring you all along, of course.
Be sure to tune in Tuesday at 9:30AM PT to see what Lectric has in store – and you can bet we’ll have all the details and first impressions as soon as they drop.
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Logo of the Organization of the Petroleum Exporting Countries (OPEC)
Andrey Rudakov | Bloomberg | Getty Images
U.S. crude oil futures fell more than 4% on Sunday, after OPEC+ agreed to surge production for a second month.
U.S. crude was down $2.49, or 4.27%, to $55.80 a barrel shortly after trading opened. Global benchmark Brent fell $2.39, or 3.9%, to $58.90 per barrel. Oil prices have fallen more than 20% this year.
The eight producers in the group, led by Saudi Arabia, agreed on Saturday to increase output by another 411,000 barrels per day in June. The decision comes a month after OPEC+ surprised the market by agreeing to surge production in May by the same amount.
The June production hike is nearly triple the 140,000 bpd that Goldman Sachs had originally forecast. OPEC+ is bringing more than 800,000 bpd of additional supply to the market over the course of two months.
Oil prices in April posted the biggest monthly loss since 2021, as U.S. President Donald Trump’s tariffs have raised fears of a recession that will slow demand at the same time that OPEC+ is quickly increasing supply.
Oilfield service firms such as Baker Hughes and SLB are expecting investment in exploration and production to decline this year due to the weak price environment.
“The prospects of an oversupplied oil market, rising tariffs, uncertainty in Mexico and activity weakness in Saudi Arabia are collectively constraining international upstream spending levels,” Baker Hughes CEO Lorenzo Simonelli said on the company’s first-quarter earnings call on April 25.
Oil majors Chevron and Exxon reported first-quarter earnings last week that fell compared to the same period in 2024 due to lower oil prices.
Goldman is forecasting that U.S. crude and Brent prices will average $59 and $63 per barrel, respectively, this year.
In a bid to keep up with the rapid growth of EVs, Chicago Department of Transportation (CDOT is currently seeking public feedback on a plan called “Chicago Moves Electric Framework.” The city’s first such plan, it outlines initiatives that include a curbside charging pilot through the city’s utility, ComEd, and expanded charging access in key areas throughout the city.
Unlike other such plans, however, the new plan aims to focus on bringing electric vehicle charging to EIEC and low income communities, too.
“Through this framework, we are setting clear goals and identifying solutions that reflect the voices of our residents, communities, and regional partners,” said CDOT Commissioner Tom Carney. “By prioritizing equity and public input, we’re creating a roadmap for electric transportation that serves every neighborhood and helps drive down emissions across Chicago.”
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Neighborhoods on the south and west sides of Chicago experience a disproportionate amount of air pollution and diesel emissions, largely due to vehicle emissions according to CDOT. Despite that, most of Chicago’s public charging stations are clustered in higher-income areas while just 7.8% are in environmental justice neighborhoods that face higher environmental burdens.
“Too often, communities facing the greatest economic and transportation barriers also experience the most air pollution,” explains Chicago Mayor Brandon Johnson. “By prioritizing investments in historically underserved areas and making clean transportation options more affordable and accessible, we can improve both mobility and public health.”
The Framework identifies other near-term policy objectives, as well – such as streamlining the EV charger installation process for businesses and residents and implementing “Low-Emission Zones” in areas disproportionately impacted by air pollution by limiting, or even restricting, access to conventional medium- and heavy-duty vehicles during peak hours.
The Chicago Moves Electric Framework includes the installation of Level 2 and DC fast charging stations in public locations such as libraries and Chicago’s Midway Airport, “supporting not only personal EVs but also electric taxis, ride-hail and commercial fleets.”
Chicago has a goal of installing 2,500 public passenger EV charging stations and electrifying the city’s entire municipal vehicle fleet by 2035.
Electrek’s Take
ComEd press conference at Chicago Drives Electric, 2024; by the author.