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- Ford Motor Company F plans to invest a further £125 million in its Halewood Plant in Merseyside, UK It will also pour another £24 million into the supporting E:PRiME product development centre.
- So the total investment in enabling the transformation of Halewood into an EV component plant has been £380 million.
- Halewood’s new power unit capacity, raised from 250,000 to 420,000 a year, which represents an increase of almost 70%, also means 70% of the 600,000 EVs, which Ford will sell in Europe a year in 2026.
- The power unit, consisting of an edrive motor and gearbox, replaces the engine and transmission of a conventional engine vehicle.
- “Our vision in Europe is to build a thriving business, by expanding leadership in commercial vehicles and by electrifying our vehicle range,” said Kieran Cahill, vice-president of European Industrial Operations of Ford.
- Tim Slatter, chairman of Ford UK, said, “This is a very important next step for Ford towards having nine EVs on sale in two years.”
- Also read: Ford Recalls 518,993 Vehicles in US Due to Potentially Broken Fuel Injectors
- Price Action: F shares were trading 0.72% higher at $14.00 in the premarket at last check Thursday.
- Image via Company
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