UK: Ford To Produce 420,000 EV Drive Units Annually In Halewood
Ford will invest more than initially announced in its Halewood Plant, on Merseyside in the UK, to significantly increase the planned EV drive unit production.
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Ford will invest more than initially announced in its Halewood Plant, on Merseyside in the UK, to significantly increase the planned EV drive unit production.
Ford Motor Co will invest an extra 149 million pounds ($180 million) to boost output of electric vehicle (EV) power units by 70% at its engine factory in northern England as the U.S.
It means that from 2024 the Merseyside factory will be making 420,000 electric power units - the motor and gearbox of the car - each year.
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UK Export Finance said the money will support thousands of jobs and help the manufacturer increase its electric vehicle range.