Ford Invests $5 Billion in New EV Platform and Midsize Truck Production

Specifications:

Name:

Ford Invests $5 Billion in New EV Platform and Midsize Truck Production

Location:

USA

Company:

Ford

Estimated Cost:

$5 Billion

Source:

https://www.fromtheroad.ford.com/

Introduction:

Ford Motor Company has announced a $5 billion investment to build a new electric vehicle (EV) platform and manufacture a midsize electric pickup truck, the company confirmed.

Features:

The investment will create or protect nearly 4,000 jobs across two sites — the Louisville Assembly Plant in Kentucky and BlueOval Battery Park Michigan. Louisville will receive nearly $2 billion to assemble the midsize electric truck, securing about 2,200 hourly jobs, while the Michigan plant will gain $3 billion to produce prismatic lithium iron phosphate (LFP) batteries.

The upcoming midsize four-door electric pickup is expected to launch in 2027, with a targeted starting price of around $30,000. Ford says it will match the 0–60 mph speed of a Mustang EcoBoost and offer more passenger space than a Toyota RAV4.

The Ford Universal EV Platform is designed to improve efficiency — it reduces vehicle parts by 20%, uses 25% fewer fasteners, requires 40% fewer workstations, and shortens assembly time by 15%. The platform also features cobalt-free and nickel-free LFP battery packs, which double as structural components and form part of the vehicle’s floor.

To support production, Ford has introduced the Ford Universal EV Production System, which replaces the traditional assembly line with an innovative “assembly tree” process. Three sub-assemblies are built simultaneously on separate lines and then merged together, using large aluminium unicastings to replace multiple smaller parts.

The Louisville Assembly Plant will be expanded by 52,000 square feet and upgraded with digital infrastructure. The Kentucky Economic Development Finance Authority is providing incentives to back the project.