Ford's Tesla Model 3 competitor could be called the 'Model E'

Look out, Tesla and Chevy: Ford is working on a 200-mile EV, too.

Ford CEO Mark Fields confirmed on Thursday during the company's first-quarter earnings conference call that the carmaker is indeed working on a long-range mass-market EV.

Specifically, when asked if Ford would create a car to challenge the Chevy Bolt and the Tesla Model 3, Fields said, “Clearly that’s something we’re developing for.” Adding that Ford aims to be “among the leaders or in a leadership position” in the electrified car market.

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