Ford to Invest $5B in New Electric Vehicle Platform
  • $5 billion investment to develop a new EV platform, advanced assembly system, and prismatic LFP battery production, creating or securing nearly 4,000 U.S. jobs.
  • First product: a midsize four-door electric pickup, starting around $30,000, with more space than a Toyota RAV4 and performance rivaling a Mustang EcoBoost.
  • Innovative “assembly tree” manufacturing process aims to cut assembly time by up to 40% while improving ergonomics, quality, and cost efficiency.

Ford is committing $5 billion to launch a next-generation electric vehicle platform, overhaul its manufacturing process, and produce prismatic LFP batteries in the U.S.,

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