Ford invests £230 million in electrical components

American automaker Ford will invest £230 million in a factory in the United Kingdom to manufacture components for the electrification of its vehicles.

Production start in 2024

The Hailwood plant in northern England, which received contributions from the UK government’s Automotive Transformation Fund, will be ‘converted’ to produce a unit of components for future Ford electric vehicles in Europe, with production expected to begin in 2024, according to the PA Is. agency.

Unite union general secretary Sharon Graham in a statement Monday commended the investment, which is great news for Hailwood’s highly skilled workforce as it secures the plant’s future.

Unite said 500 jobs would be retained in Hailwood thanks to these injections of funds, with “the potential for creating 400 to 700 jobs”.

“Today’s announcement, backed by government funding, is a vote of confidence in the future of the UK economy and our plan to increase production of electric vehicles,” commented Energy and Enterprise Minister Quasi Quarteng.

Ford announced in late September, along with its South Korean partner SK Innovation, to accelerate its electrical transition and construction of four factories in the United States, representing an investment of $11.4 billion with 11,000 jobs on the horizon. 2025.

upward revision of electricity sales

Ford has revised its electric fleet targets in the process as it now expects 40 to 50% of its global sales to be fully electric by 2030.

In the UK, the sale of new gasoline or diesel vehicles will be banned from 2030, as part of the country’s commitment to achieving carbon neutrality by 2050.

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Ford also recalled in its press release that it had recently announced a $1 billion investment to adapt its assembly plant in Cologne, Germany, to electric vehicles.

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