Ford To Build Electric Vehicle Components In Europe, Invests £230m In U.K.
Building on its commitment to go all-in on electrification in Europe, Ford announced today that it intends to invest up to £230 million at its Halewood vehicle transmission facility to transform it to build electric power units for future Ford all-electric passenger and commercial vehicles sold in Europe.
Power unit production in Halewood is expected to begin in mid-2024. Production capacity is planned to be around 250,000 units a year. The investment – which is subject to and includes U.K Government support through its Automotive Transformation Fund – will help safeguard the Ford jobs at Halewood.
“This is an important step, marking Ford’s first in-house investment in all-electric vehicle component manufacturing in Europe. It strengthens further our ability to deliver 100 percent of Ford passenger vehicles in Europe being all-electric and two-thirds of our commercial vehicle sales being all-electric or plug-in hybrid by 2030,” said Stuart Rowley, president, Ford of Europe.
“We also want to thank the U.K. Government for its support for this important investment at Halewood which reconfirms Ford’s continuing commitment to the U.K. and our position as a leading investor in this country’s auto industry and technological base.” The UK Government’s business secretary, The Rt. Hon. Kwasi Kwarteng MP, said: “Ford’s decision to build its first electric vehicle components in Europe at its Halewood site is further proof that the UK remains one of the best locations in the world for high-quality automotive manufacturing. In this highly competitive, global race to secure electric vehicle manufacturing, our priority is to ensure the UK reaps the benefits.
“Today’s announcement, backed by government funding, is a huge vote of confidence in Britain’s economic future and our plans to ramp up electric vehicle production. It will future-proof Halewood’s proud industrial heritage and secure high-skilled, well-paid jobs across the North West for years to come.”
Information Source: Read More
Oilandgaspress.com | Energy, Climate, Renewable, Wind, Biomass, Sustainability, Oil Price, LPG, Solar
