Doubling Down on Connected EVs
Farley said Ford will now invest at least $22 billion in electrification through 2025, nearly twice whatthecompanyhadpreviouslycommittedtoEVs. Hesaidthecompanyis“allinandwillnot cede ground to anyone” in developing and delivering connected electric vehicles and services in mainstream areas of strength for Ford: pickups, commercial vans and SUVs.
“We are accelerating all our plans – breaking constraints, increasing battery capacity, improving costs and getting more electric vehicles into our product cycle plan,” Farley said . “People are responding to what Ford is doing today, not someday.”
LORDSTOWN — Ultium Cells LLC — an electric vehicle battery-cell manufacturing plant jointly backed by General Motors and South Korea’s LG Chem — plans to have 400 employees on board by the end of the year. The company has started with three so far with human resources, training and workplace...