Ford Motor to invest EUR42 million on its electrification development strategy
2020-01-21 18:00:55 [Print]
Ford Motor recently announced that it will invest EUR42 million in building a plant in Valencia, Spain as part of its electrification strategy. The investment will be used into constructing battery assembly lines and manufacturing hybrid autos.
According to Ford Motor, it will use EUR24 million of the total investment into building battery assembly lines which are expected to go into operation in September 2020; meanwhile, this investment will also be used into building two manufacturing lines of S-MAX and Galaxy hybrid autos. The auto manufacturing lines will go into operation at the same as the battery production lines so as to achieve high production efficiency and sustainability.
According to Ford Motor, it will use EUR24 million of the total investment into building battery assembly lines which are expected to go into operation in September 2020; meanwhile, this investment will also be used into building two manufacturing lines of S-MAX and Galaxy hybrid autos. The auto manufacturing lines will go into operation at the same as the battery production lines so as to achieve high production efficiency and sustainability.
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