Ford will shift to EV only sales by 2035.
Previously, the automaker had said it would spend $1 billion to convert a plant in Cologne, Germany, into its first EV production line on the continent. Now, the company says it expects to produce 1.2 million vehicles over six years, with a total product investment of $2 billion.
Those products include three new passenger vehicles, including a sport crossover with a range of 500 km and an electric version of the company’s Ford Puma, a compact crossover, which will go into production at the company’s plant in Craiova, Romania, in 2024. Ford will also put four commercial EVs into production, including electric versions of its Transit Courier and Tourneo Courier multipurpose vans.
“These new Ford electric vehicles signal what is nothing less than the total transformation of our brand in Europe — a new generation of zero-emission vehicles, optimized for a connected world, offering our customers truly outstanding user experiences,” said Stuart Rowley, chair, Ford of Europe,Ford plans on building a battery manufacturing plant in Turkey with SK On Co, a subsidiary of South Korean battery giant SK Innovation.
Ford is immersed in a high-stakes race against its rivals as the auto industry struggles to catch up to Tesla, the most valuable automaker in the world and the top seller of EVs. While Ford sells more F-series trucks every year than Tesla’s entire output, investors have rewarded Elon Musk’s vision of an all-electric future with a significantly higher share price and more confidence about his company’s future prospects.
Ford CEO Jim Farley is trying to change that narrative with an effort to show that his company can compete. Ford recently announced that it wasof its upcoming electric pickup truck, the F-150 Lightning, and tripling production for the Mustang Mach-E, with the expectation that it will reach over 200,000 units per year by 2023. Ford’s electric delivery van, the E-Transit, also goes on sale early this year.Subscribe to get the best Verge-approved tech deals of the week.
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