News Summary

• Ford will invest $2 billion to transform its Louisville Assembly Plant into a factory capable of making a new generation of affordable EVs.
• The first EV off the line will be a mid-sized pickup that is about the same size as a Ford Maverick, but roomier on the inside.
• Ford has also developed a universal EV platform that will use lithium iron phosphate batteries using tech licensed from China’s CATL and manufactured at its new $3 billion BlueOval Battery Park factory in Michigan.