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Ford CEO promises EV 'big surprise' next year

by Justin King

The company has already confirmed a Mustang-styled crossover and all-electric pickup.

Ford is preparing to drop a "big surprise" in the electric-vehicle segment next year, according to CEO Jim Hackett.

Speaking to CNBC at the Detroit auto show, the executive highlighted Ford's plan to spend $11 billion developing electric vehicles by 2022.

"We have 16 models that are in design and development," he said. "We have a pretty big surprise coming next year."

The company last year teased a unique battery-powered SUV (pictured) that will borrow its design language from the Mustang. An even bigger surprise -- an all-electric F-Series pickup -- was separately confirmed by another executive at the Detroit auto show.

The electric SUV is expected to land in 2020 with an expected range of around 300 miles on a single charge.

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