Ford may consider divesting electric car business

Ford Motor Co. is reportedly considering spinning off its electric vehicle business unit to facilitate the company's electrification transformation. In late 2021, Ford had discussed with financial advisers the feasibility of raising private capital for the electric vehicle business, the sources said. The move by the more than 100-year-old traditional automaker may hope to win investors' favor like Tesla and other pure electric car brands. When asked about a possible business spin-off, Ford said in a statement that the company has no current plans to spin off its electric vehicle business, but hopes to run the electric vehicle business in a very different way than its traditional gas-powered vehicle business. . In the field of new energy, Ford is accelerating the pace of transition to electrification. In May last year, Ford officially released the Ford+ development plan, which includes a cumulative investment of more than $30 billion in electrification by the end of 2025.