That's the latest detail from Ford, which has been promising a battery-electric SUV in three years with a range of at least 300 miles. Yes, Mach is a vintage Mustang name. The idea is that the performance electric SUV is being cultivated with some Mustang spirit and passion, we are told.

"We want to make a statement about the company that we're electrifying our iconic vehicles," said Jim Farley, Ford's president of global markets.

Ford did not show the Mach 1 but did announce more money is being set aside to electrify future vehicles.

The prior commitment was $4.5 billion to be spent on 13 vehicles with some form of electrification by 2020. The new promise is an investment of $11 billion by 2022. The expanded portfolio grows to 40 electrified vehicles by 2022 consisting of 16 pure EVs and the rest hybrids and plug-in hybrids.

Officials confirmed the previous promise of an F-150 hybrid pickup in 2020 which will be built at the Dearborn Truck Plant (the new F-150 diesel is shown above). Ford has also said it will have a Mustang hybrid in 2020. There are also plans for a Transit Connect commercial van plug-in hybrid for Europe in 2019; two Pursuit police vehicles; and an autonomous vehicle for ride sharing and commercial ride hailing to be built at Flat Rock and debut in 2021.

Farley said electrified Lincoln products are also in the works.

Currently the Ford Focus is the only pure EV in Ford's stable but a newly created division called Team Edison is working to change that. Team Edison is relocating to an old building in downtown Detroit's trendy Corktown.

China is the most electrified market and Ford recently formed a joint venture with China's Anhui Zotye Automobile Company to build and sell a full line of electric vehicles sold under a new domestic brand. The plan is to launch 15 models by 2025.