According to its press release, the company will invest US$1 billion into its assembly plant in Cologne, Germany – its largest manufacturing center in Europe. The investment aims to modernise the facility, transforming its existing vehicle assembly operations to fully produce the brand’s range of all-electric vehicles.
Ford says that its first European-built, volume all-electric passenger vehicle for European customers will be produced at the facility from 2023 onwards. A potential for a second model to be manufactured there is also being considered, it added.
“We are charging into an all-electric future in Europe,” said Ford of Europe president Stuart Rowley. “We will offer an exceptional range of electrified vehicles, supported by customer-centric digital services and experiences, allowing our customers to come with us on the journey to a fully electric future, starting right now with the launch of the all-electric Mustang Mach-E.”
Ford released the 2021 Mustang Mach-E, its first all-electric crossover, back in December 2020. It comes with a battery choice of either a standard-range 75.7 kWh or 98.8 kWh, offering zero to 100 km/h acceleration in just 3.5 seconds. The vehicle’s estimated EPA range is at 370km for the standard version, and 483km for the extended battery pack.