Ford CEO: UEV motors and inverters are 30% more efficient than BYD's

Ford CEO Jim Farley said on the company's Q3 earnings call that the motors, gearboxes and inverters of its Universal Electric Vehicle platform are about 30% more efficient than BYD's. That lets Ford use a smaller battery and cut costs; the first UEV model is the $28,350 Fathom pickup.

• Ford claims UEV powertrain electronics are 30% more efficient than BYD's
• A smaller battery cuts the single biggest cost in an EV
• The first UEV vehicle is the Fathom pickup at $28,350
• Ford plans to carry UEV efficiency gains into its hybrids