Ford CEO Jim Farley says the company's next generation of electric vehicle technology could give Ford a significant efficiency advantage over Chinese automaker BYD.
Speaking during Ford's Q3 2026 earnings call on October 29, Farley claimed that Ford's new electric motors, gearboxes and inverters are approximately 30% more efficient than BYD's.
According to Farley, the improvements are part of Ford's efforts to develop more efficient electric powertrains while keeping vehicle costs under control.
The potential impact goes beyond efficiency. Higher powertrain efficiency could allow Ford to achieve competitive driving range with smaller battery packs, potentially reducing one of the biggest costs of manufacturing electric vehicles.
Farley's comments also come as Ford prepares to introduce its new Universal Electric Vehicle (UEV) platform, which is expected to underpin the upcoming Ford Fathom, an electric midsize pickup with a starting price of $28,350 in the United States.