Ford Plans to Invest Billions to Strengthen the EV Production

Ford Motor Company

Ford Motor Company announced that it will be investing $11.4 billion. This decision was taken to strengthen the electric vehicle production. The company stated that it will be building four new projects in the US, which will create 11,000 new jobs in the country.

This action of Ford is in contrast with the company’s strategy in India, which is to shut the local production and offer high-end vehicles only through import routes.

Though Ford India faced many losses and challenges and consequently had to shut down the two plants in India, the company seems to dominate the EV field in the US, which is the home base of Ford Motor.