Ford Europe describes the production of electric cars that will take place on the continent. Namely appointing a factory in Valencia, Spain, as the location for assembling electric cars, while the factory in Cologne, Germany will start producing Electric Vehicles (EV) starting in 2023.
The Ford Motor Company plant in Spain will assemble vehicles based on the next-generation EV architecture.
While the factory in Germany was converted to become an electric car assembly location with an investment of 2 billion United States (US) dollars. It includes the state-of-the-art Cologne Electrification Center, as well as being Ford’s first European power plant in Germany.
Talking about the next generation of electric car architecture or the new generation, Ford Motor Company stated that this is an important step in transforming their brand image in Europe in achieving an all-electric future.
Ford Motor Company has set a target of selling about 600,000 electric vehicles annually by 2026. By increasing its factory in Spain, the American company is looking to increase its offerings of premium, high-performance, fully-connected electric vehicles that are in high demand in Europe.
Jim Farley, President and Chief Executive Officer (CEO) of Ford Motor Company stated that his company aims to achieve a sustainable business in Europe.
“The European auto industry is highly competitive, and in order to thrive and grow, we will never be satisfied with an incredibly great product, a great customer experience, a very lean operation and a talented and motivated team,” said Jim Farley.
Stuart Rowley, Ford Europe Chairman and Ford Motor Company’s chief quality & transformation officer, said: “We are investing heavily in an EV plant in Germany, and are committed to the country making this location our European headquarters.
“We look forward to advancing this work with our partners in Germany and throughout the region,” explains Stuart Rowley.
