Ford Motor Company will announce the development of two dedicated EV platforms. The new platforms are intended to help the automaker catch up with rivals General Motors and Volkswagen, as well as reduce costs associated with electric vehicles.

Reuters reports Ford will announce the two new platforms today as part of Capital Markets Day. The platforms will be part of a multi-billion investment into electrification and bring commonality to Ford’s future EV’s.

Ford has previously stated it intends to invest $22 billion between now and 2025 on EV’s. The investment is reportedly going to include nine new electric cars and car-based SUVs and at least three electric trucks, vans and larger SUVs. Next-generation variants of the just-announced F-150 Lightning and Mustang Mach-E are included in those counts.

The Mustang Mach-E debuted earlier this year based on an architecture internally known as GE. The next-generation Mach-E is slated to be built on a new platform called the GE2. GE2 is expected to debut in mid-2023, underpinning new Ford and Lincoln crossover SUVs. Eventually GE2 is also expected to underpin the Mustang.

A redesigned version of the F-150 Lightning is expected in 2025. The truck is expected to move to a new platform called TE1, while the 2022 F-150 Lightning leverages a heavily revised version of F-150’s platform. TE1 will be the EV platform dedicated to trucks and SUVs, likely utilized for future versions of the Ford Expedition and Lincoln Navigator. This platform could also be leveraged for future versions of Ford’s commercial van lineup.

The GE2 and TE1 platforms aren’t the only ones Ford will leverage. The company has already announced plans to leverage a modified version of Volkswagen’s MEB EV architecture for at least two models in Europe. There’s also continued speculation Ford will eventually leverage Rivian’s platform for a future EV. Ford is a substantial investor in Rivian.