'Ford Opens New EV-Focused Assembly Plant In Germany; The Company's Cologne Facility, Which Dates Back To 1930, Has Been Transformed By A $2B Investment From The Car Company' - The Verge
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Ford has opened its Cologne Electric Vehicle Center in Germany, part of its $2 billion investment to transform the facility into an EV manufacturing center. The plant will produce Ford's all-electric Explorer and has a capacity of 250,000 electric vehicles per year. Ford aims to be carbon neutral across its European facilities by 2035.
June 12, 2023 | 2:09 pm
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Ford's new Cologne Electric Vehicle Center in Germany is part of a $2 billion investment to increase EV production capacity and achieve carbon neutrality in Europe by 2035.
The opening of Ford's Cologne Electric Vehicle Center demonstrates the company's commitment to expanding its EV production and achieving carbon neutrality in Europe. This investment is likely to have a positive impact on Ford's stock price in the short term, as it shows progress towards their long-term goals and strengthens their position in the EV market.
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