Story at a glance
- The company announced Monday plans to convert its Halewood transmission factory in northern England into a facility to build electric power units for EVs.
- Ford said the Halewood plant will start producing the electric car parts by mid-2024.
- Ford in February pledged that its car lineup in Europe will be all electric by 2030.
U.S. car giant Ford is spending more than $315 million to begin manufacturing electric car parts in Europe as part of its shift from traditional internal combustion engines to electric zero-emission vehicles.
The company announced Monday plans to convert its Halewood transmission factory in northern England into a facility to build electric power units for both passenger and commercial EVs sold in Europe.
Ford said the Halewood plant will start producing the electric car parts by mid-2024, with production capacity planned to be around 250,000 units per year. The car company said the investment includes support from the British government through its Automotive Transformation Fund.
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Ford in February pledged that its car lineup in Europe will be all electric by 2030, with all of its models made available as electric or hybrid models by 2026.
“This is an important step, marking Ford’s first in-house investment in all-electric vehicle component manufacturing in Europe,” Stuart Rowley, president of Ford Europe, said in a statement.
“It strengthens further our ability to deliver 100 percent of Ford passenger vehicles in Europe being all-electric and two-thirds of our commercial vehicle sales being all-electric or plug-in hybrid by 2030,” Rowley said.
The move comes as several large automakers are shifting toward electric vehicles amid increasing pressure by governments and regulators to reduce harmful greenhouse gas emissions to curb climate change.
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