The U.S. automaker, alongside several other major carmakers, is looking to ramp up its electric offering in the years ahead.
Ford is investing $1 billion in an electric vehicle production facility in Cologne, Germany, with the European arm of the automotive giant committing to make its entire passenger vehicle range “zero-emissions capable, all-electric or plug-in hybrid” by the middle of 2026, with a “completely all-electric” offering by 2030.
The investment in Cologne will see the company update an existing assembly plant, converting it into a facility focused on the production of electric vehicles.
“Our announcement today to transform our Cologne facility, the home of our operations in Germany for 90 years, is one of the most significant Ford has made in over a generation,” Stuart Rowley, Ford of Europe’s president, said in a statement released Wednesday.
