Ford invests billions to revolutionize affordable EV production in America
TL;DR
Ford is investing $2 billion to overhaul its Louisville Assembly Plant with a new, innovative 'universal production system' for affordable EVs, including a mid-sized pickup, by replacing traditional assembly lines with a three-branched system that reduces parts, speeds up production, and involves fewer workers, aiming to compete with Chinese EV manufacturers and adapt to industry changes.
- Ford throws out Henry Ford’s assembly line to make low-cost EVs in America TechCrunch
- Ford Is Ready for a ‘Model T Moment.’ The Stock Is Down. Barron's
- Ford's new line of affordable vehicles to start at about $30,000 Yahoo Finance
- Ford announces $2 billion investment in Louisville assembly plant aimed at cheap EVs CNBC
- Ford announces $5 billion US investment as part of its ‘next Model T moment’ CNN
Want the full story? Read the original reporting
Read on TechCrunch