US EditionFord to Invest Nearly $2 Billion in Kentucky Assembly Plant to Produce Electric Vehicles
LOUISVILLE, KENTUCKY, AUG 11 – Ford will invest $2 billion to retool its Louisville plant, securing 2,200 hourly jobs and launching a $30,000 midsize electric pickup truck by 2027, aiming for affordability and efficiency.
- On Monday, Ford revealed plans to invest $2 billion in upgrading its Louisville Assembly Plant in Kentucky to manufacture electric vehicles beginning in 2027.
- This investment supports Ford’s new EV strategy designed to compete globally against affordable electric vehicles from Chinese automakers.
- The facility will manufacture a mid-level electric pickup with four doors, priced at approximately $30,000, utilizing a standardized EV platform and innovative production techniques.
- Kentucky Governor Andy Beshear said the investment is one of the largest in state history and will secure 2,200 hourly jobs at Louisville Assembly Plant.
- Ford’s investment in Kentucky and Michigan is projected to support close to 4,000 direct positions, a development CEO Jim Farley describes as a pivotal ‘Model T moment’ for the company’s electric vehicle division.
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Ford will launch a new EV platform and electric pickup truck at Louisville plant
LOUISVILLE — Ford Motor Company will invest nearly $2 billion to convert a longtime auto manufacturing plant in Louisville to build electric vehicles from a new platform adaptable to multiple vehicle types, aiming to launch a mid-sized EV pickup truck…
Ford CEO Jim Farley presents the plans for a new electric car platform in Louisville. Billion-dollar investments are supposed to secure jobs, but the skepticism among employees remains great.
A new pick-up, new technology and a new construction principle: Ford wants to significantly reduce the cost of electric cars.
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