Ford’s all-new, all-electric SUV, known as the Mach 1, will be revealed later this year and arrive in showrooms by 2020, the firm’s financial review for 2018 has confirmed.

The company had previously confirmed the Mach 1 will be built on a dedicated EV platform and will have a range of 300 miles. The model has mostly been finalised and prototypes are expected to hit the road this year for development testing. The teaser shot shows the model’s Mustang-inspired rear lights.

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Ford originally planned to launch a practical all-electric SUV but, to stand out from the market, the brand changed tack and decided to launch it as a performance model instead. Ford’s aim is to “infuse” the SUV with the image, performance and style of the Mustang.

Performance details on the Mach 1 SUV are yet to be announced. However, we do know it will use lithium-ion battery technology, with Ford bosses confirming that production will take place at one of Ford’s facilities in Mexico.

The decision to produce a performance SUV first was partly down to a new division within Ford called Team Edison – a group of around 200 people established mid-way through 2018, tasked with creating and developing Ford’s autonomous and electric vehicles.

Ford recently doubled its investment in electric vehicles to $11 billion (roughly £8 billion). Darren Palmer, Team Edison’s global product development director, expects this outlay to bring 16 fully electric vehicles into a global portfolio of 40 electrified vehicles by 2022.

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