Ford has chosen its plant in Valencia, Spain, as the site where it will assemble vehicles based on a next-generation EV platform. The company says production could begin “later this decade.”

Ford is also moving forward with a $2-billion conversion of its Cologne Electrification Centre in Germany, which is scheduled to begin producing electric passenger vehicles starting in 2023.

“Ford is investing heavily in electric vehicle manufacturing operations in Germany, and we are committed to the country as our headquarters location in Europe,” said Ford of Europe Chair Stuart Rowley. “To secure new product in Europe we need winning product designs, outstanding technology and engineering, optimized sourcing and an evolution of our industrial operations to ensure they are fully oriented to an electrified world.”

“We are committed to building a vibrant, sustainable business in Europe as part of our Ford+ plan, and that requires focus and making tough choices,” said Jim Farley, Ford President and CEO. “The European auto industry is extremely competitive, and to thrive and grow we can never settle for less than unbelievably great products, a delightful customer experience, ultra-lean operations and a talented and motivated team.”

Source: Ford