Ford announces $2 billion Louisville EV assembly plant investment
As the Ford sign, the air view stands in the sales of Metro Ford dealership in Miami, Florida on May 06, 2025.
Joe Raedle | Getty Images
Ford On Monday, a Louisville, Kentucky, which aims to launch more affordable electric vehicles, announced that it will invest in the parliamentary facility 2 billion dollars.
The investment is on top of $ 3 billion planned for a battery park in Michigan. Ford said the facilities will create or secure about 4,000 new businesses. News Bulletin.
“We watched a radical approach to a very difficult challenge: the cost of design, innovation, flexibility, space, driving pleasure and ownership cost – and created affordable vehicles that are important to do with American workers.” He said.
Ford said that the Louisville factory will provide approximately 2,200 jobs, but after being restructured for home production, it would employ about 600 less workers from the current configuration.
Detroit automobile manufacturer’s new “Universal Home Program” gathered around low -cost houses, the Louisville assembly facility produced in the medium -sized, four -door electric purchase will begin. This vehicle launch is planned for 2027.
Managers angered the announcement of the company’s latest call for earnings as the next “Model T memo”. Ford, the new home truck’s $ 30,000 starting price, when set for inflation, the famous model T will be roughly the same, he said.
Ford said that new Lithium Iron Phosphate (LFP) batteries will be installed in the USA and cannot be imported from China for new homes.
During an event in Louisville on Monday, Farley said that the automotive industry was at a intersection due to new technology and new competition.
“We knew that the Chinese will be the main player for us globally, companies like BYD, new initiatives from all over the world, Big Technology’s ambitions in the automobile area. They are all coming for us, Legacy automotive companies.” He said. “We needed a radical approach and a really difficult challenge to create a suitable tool.”
Correction: This article has been updated to correct that the Louisville Assembly facility will provide approximately 2,200 jobs. A previous version said the work effect incorrectly.
This story is developing. Please check again for updates.
– Phil Lebeau from CNBC contributed to this report.
