Ford's CEO just threw down the gauntlet at BYD and Tesla with its own $30K EV truck

1. Ford unveiled a $30K midsize EV truck to compete with BYD. 2. Ford is investing $2 billion in EV production, totaling $5 billion. 3. CEO claims retooling is essential to challenge Chinese competitors like BYD. 4. Ford has lost $12 billion in EV investments over the last two years. 5. The new truck will feature a smaller battery for cost efficiency.