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Ford to invest more in the production of electric vehicles

22 March 2019
Electricity
energynomics

Ford Motor Co said it is adding production of a fully electric vehicle at a second North American plant as part of its $11 billion investment plan set last year.

The No. 2 U.S. automaker said it is investing about $900 million in southeast Michigan and creating 900 jobs through 2023 as part of its electric vehicle push. That includes a plan to invest more than $850 million to expand production capacity at its Flat Rock, Michigan, plant to build Evs, according to Reuters.

“When we were taking a look at our $11 billion investment in electrification, it became obvious to us that we were going to need a second plant in the not-too-distant future to add capacity for our battery electric vehicles,” Joe Hinrichs, Ford’s president of global operations, said in a telephone interview.

Ford is negotiating an alliance with Germany’s Volkswagen AG to work together on electric and autonomous vehicles. Hinrichs said those talks have been positive, but that there was nothing to announce.

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