Ford has invested an extra £125 million in its Halewood plant within the UK, bringing the full funding to nearly £380 million and rising its capability by 70%.

This newest funding secures employment for one more 500 individuals and will increase annual manufacturing from 250,000 to 420,000 models, says the corporate. 

Ford hopes to promote 600,000 EVs in Europe by 2026, that means roughly 70% of them will likely be powered by elements produced in Halewood.

“Ford is a worldwide American model, woven into the material of Europe for greater than 100 years and a serious employer right here at Halewood for nearly 60 years,” mentioned Kieran Cahill, VP of Ford’s European Industrial Operations. “Our imaginative and prescient in Europe is to construct a thriving enterprise by extending management in industrial autos and thru the electrification of our automotive vary. Halewood is taking part in a important half as our first in-house funding in EV element manufacturing in Europe.”

Supply: Ford