Ford Invests in EV Production Site
March 21, 2019—In a push to expand its electric vehicle supply, Ford is investing $900 million and creating 900 jobs in southeast Michigan through 2023, Reuters reports. An additional $850 million will be made at Ford's Flat Rock plant in Michigan to expand production of EVs, the publication reports.
“When we were taking a look at our $11 billion investment in electrification, it became obvious to us that we were going to need a second plant in the not-too-distant future to add capacity for our battery electric vehicles,” Joe Hinrichs, Ford’s president of global operations, said in a telephone interview to Reuters.
Ford previously mentioned in Jan. that it would increase investments for electric and autonomous vehicles, Reuters reports. Additionally, the company said it would have 40 hybrid and fully electric vehicles lined up; Ford told Reuters that 16 of the 40 would be fully electric while the other would be plug-in hybrids.