Ford invests in electric strategy
Ford has announced a €42m investment in an electrification strategy at its manufacturing plant in Valencia, Spain.
The investment will go towards a state-of-the-art battery assembly facility in addition to two new assembly lines to enable production of the new S-MAX Hybrid and Galaxy Hybrid.
The new battery assembly facility will begin production in September this year, while the S-MAX Hybrid and Galaxy Hybrid will be introduced early next year.
Stuart Rowley, president, Ford of Europe, said: “With electrification fast becoming the mainstream, we are increasing our investment in Valencia to provide even more electrified models and powertrain options for our customers. By making it easier than ever to transition into an electrified vehicle, we expect the majority of our passenger vehicle sales to be electrified by the end of 2022.”
