Ford Announces Investment in KC Plant as Part of $11.5 Billion Electrification Buildout
Automotive company Ford announced today that it will invest an additional $100 million in its Kansas City Assembly Plant. The new announcement is part of the company’s $11.5 billion-plus investment in electrification through 2022., and its $3.2 billion investment in its North American manufacturing facilities to produce a series of new electric vehicles (EVs).
The Kansas City assembly plant will build Ford’s all-new E-Transit cargo van, which the company will unveil on Thursday, and will be available in dealerships in 2022. The new van will add to Ford’s expanding EV lineup, which includes the all-electric F-150 announced in September and the all-electric Mustang Mach-E, which begins arriving in dealers’ showrooms next month.
Ford stated that it is building out its manufacturing footprint across North America – working with local and national governments – to lead the transition to electric vehicles and meet consumer demand in the coming years.
Additionally, Ford said that electric vehicles are a key part of its commitment to meet the requirements of the Paris Accord and achieve carbon neutrality globally by 2050, goals introduced by the company as part of a series of sustainability commitments announced earlier this year.
Kumar Galhotra, President, Americas and International Markets Group, said:
“We’re taking our most iconic vehicles and using fully electric technology to deliver even more performance, productivity and capability for customers. We are building out the North American manufacturing footprint to support this growth. This is just the first chapter with more new electric vehicles and more investment to come.”
Today’s announcement by Ford marks another increase in vehicle electrification investments made by North American auto OEMs, now reaching into the tens of billions of dollars. Last month, rival automaker General Motors made several significant EV announcements, including a $2.2 billion investment to launch its all-electric vehicle assembly plant “Factory Zero” at its Detroit-Hamtramck Assembly Center, and a $2 billion investment to transition its Spring Hill, Tennessee assembly plant to produce EVs.