Ford Invests $850 million In Next-Gen EVs In The US

Ford plans to invest more than $850 million to add more production capacity at a second U.S. factory for its next-generation battery electric vehicle program.

The investment, which will be made through 2023, will focus on expanding Ford’s Flat Rock Assembly Plant in southeast Michigan. The plant investment also includes funding to build the next-generation Mustang and is part of a $900 million investment in Ford’s operations in southeastern Michigan.

The announcement is tied to Ford’s larger and previously announced plan to invest $11.1 billion in developing electric vehicles.

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