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Ford Invests in Valencia to Support Battery Pack Assembly
Photo: Ford
Ford has announced that it will invest an additional 5.2 million euros ($6.3 million) in its Valencia operations to support its shift to electrified vehicles. Following an initial investment of 24 million euros ($29 million), the investment supports increased battery pack production for Ford vehicles. Ford will also build a new 2.5-liter Duratec hybrid engine at the plant starting next year.
Ford Motor Company of Europe Vice President of Manufacturing Kieran Cahill calls the move “another step on Ford’s electrification journey, providing a bridge to an all-electric passenger vehicle future, and demonstrating our continuing commitment to our manufacturing operations in Valencia where we have invested around $3 billion since 2011.”