Valencia Chosen for EV Production

Ford has announced a significant step toward an all-electric future, choosing its Valencia plant in Spain as the primary site for assembling vehicles based on next-generation electric vehicle architecture. Pending product approval, this plant could produce advanced electric and connected vehicles later this decade.

Cologne Plant Gets $2B for EVs

Ford is also committing $2 billion to convert its Cologne, Germany operations into an electric vehicle production hub, with production set to begin in late 2023. This move is part of Ford’s European strategy to launch an exciting range of electric vehicles, including an electric version of the popular Ford Puma and electric Ford Pro vehicles. By 2026, Ford aims to sell 600,000 electric vehicles annually in Europe.

Zero Emissions Goal for 2035

The transition supports Ford’s broader goal of achieving zero emissions for all vehicle sales in Europe and carbon neutrality across its European facilities, logistics, and suppliers by 2035. This aligns with new European Parliament mandates for 100% zero emissions from new vehicle sales by 2035.

Consultations Affecting German Plants

Ford’s decision comes after comprehensive consultations with teams in Valencia, Spain, and Saarlouis, Germany. While the Saarlouis plant will continue producing the Ford Focus passenger car, the company is exploring future site concepts. Additionally, Ford is investing in its state-of-the-art Cologne Electrification Centre to further solidify Germany as its European headquarters for electric vehicle manufacturing.

Global Target: 2 Million EVs by 2026

Ford’s all-electric future in Europe also contributes to the global goal of producing more than 2 million electric vehicles annually by 2026, with a targeted 10% company adjusted EBIT margin. This transformation is crucial for Ford to remain competitive in the evolving auto industry while making a substantial positive impact on society and the environment.