Ford Will Invest Around $316 Million To Make Electric Car Parts

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Ford will invest around $316 million to develop electric cars parts at Halewood factory, Northern England.

From mid-2024, the plant will generate 250,000 power units a year. This also will be the first in-house location to build electric cars parts in Europe. Earlier, Ford pledged to make its car line-up all-electric by 2030 for the continent.

As brands are taking steps towards electrification, through the Automotive Transformation Fund, the UK government is investing and contributing to the plans of the companies.

The government of Britain would provide an investment of around 10% of the total investment for the automotive industry.

Ford’s Europe President Stuart Rowley, said, “This is an important step, marking Ford’s first in-house investment in all-electric vehicle component manufacturing in Europe.”

Ford also owns a transmission facility in Cologne, Germany.

Halewood, which employs around 500 people, was chosen due to “its excellent record on quality, competitiveness and the strong skills base and commitment of the employees”, Ford said.

Earlier, Nissan also pledged to invest in the UK by setting up a new battery plant for electric vehicles.

“In this highly competitive, global race to secure electric vehicle manufacturing, our priority is to ensure the UK reaps the benefits,” said business minister Kwasi Kwarteng.

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