Ford to introduce 7 new electrical vehicles and vans in Europe by 2024; plans for brand new battery plant

Ford to introduce 7 new electrical vehicles and vans in Europe by 2024; plans for brand new battery plant


Ford will supply a brand new technology of seven, all-electric, fully-connected passenger automobiles and vans in Europe by 2024. The announcement builds on the current creation of the Ford Mannequin e enterprise unit targeted on the design, manufacturing, and distribution of electrical and related automobiles (earlier submit).

With its prolonged vary of electrical passenger and business automobile fashions, Ford expects its annual gross sales of electrical automobiles in Europe to exceed 600,000 models in 2026, and in addition reaffirmed its intention to ship a 6% EBIT margin in Europe in 2023. The acceleration in Europe helps Ford’s aim to promote greater than 2 million EVs globally by 2026 and ship firm adjusted EBIT margin of 10%.

Following the profitable European introduction of the all-electric Mach-E in 2021 and Mach-E GT this 12 months, plus the launch of the E-Transit within the subsequent quarter, Ford as we speak unveiled plans for seven extra all-electric automobiles to hitch the Ford household in Europe—three new passenger automobiles and 4 new business automobiles.

Ford may have 9 electrical vehicles and vans available on the market in Europe in 2024.

Beginning in 2023, Ford will start manufacturing of an all-new electrical passenger
automobile, a medium-sized crossover based mostly on Volkswagen’s MEB platform (associated submit), in-built Cologne with a second electrical automobile added to the Cologne manufacturing line-up in 2024. As well as, Ford’s top-selling passenger automobile in Europe, the Ford Puma, can be accessible as an electrical model made in Craiova, Romania, beginning in 2024.

Ford’s iconic Transit vary will embody 4 new electrical fashions—the all-new Transit Customized one-tonne van and Tourneo Customized multi-purpose automobile in 2023, and the smaller, subsequent technology Transit Courier van and Tourneo Courier multi-purpose automobile in 2024.

Ford confirmed that the primary quantity all-electric passenger automobile to return out of the Ford Cologne Electrification Middle can be a five-seat, medium-sized crossover. In 2021, sports activities utilities and crossovers accounted for 58% of all Ford passenger automobile offered within the continent, up practically 20 share factors from 2020.

The all-electric crossover breaks new boundaries for Ford. Able to a 500 km driving vary on a single cost, the automobile and its title can be revealed later in 2022, with manufacturing commencing in 2023.

The affirmation {that a} second, all-electric passenger automobile—a sports activities crossover—can be constructed on the Ford Cologne Electrification Middle signifies that electrical automobile manufacturing on the facility will improve to 1.2 million automobiles over a six-year timeframe.

Funding within the new electrical passenger automobiles to be in-built Cologne is anticipated to be $2 billion. The funding features a new battery meeting facility scheduled to start out operations in 2024.

New battery gigafactory in Turkey.
To help Ford’s automobile electrification plans, Ford, SK On Co., Ltd. and Koç Holding have signed a non-binding Memorandum of Understanding for a brand new, industry-leading three way partnership enterprise in Turkey. Topic to execution of a last settlement, the three companions plan to create one of many largest EV battery services within the European wider area.

The three way partnership could be situated close to Ankara and can manufacture excessive Nickel NMC cells for meeting into battery array modules. Manufacturing is meant to start out as early as mid-decade with an annual capability prone to be within the vary of 30 to 45 Gigawatt hours.

The funding the three companions are planning within the battery three way partnership—together with help from the Turkish Authorities—will instantly profit massive and small business automobile operators throughout Europe, lowering power and working prices and offering a major contribution to CO2 discount.

Boosting EV manufacturing capability in Craiova. Ford’s manufacturing plant in Craiova, Romania, will play a major function within the firm’s electrical and business automobile progress plans in Europe.

From 2024, European clients will be capable of buy an all-electric model of the Ford Puma, Ford’s common compact crossover. The Puma was Ford’s best-selling passenger automobile in Europe in 2021, and the all-electric Puma will carry this profitable new nameplate to a good wider group of European clients when it goes into manufacturing in Craiova in 2024.

Moreover, the all-new Transit Courier, the favored gentle business automobile, and Tourneo Courier, a compact multi-purpose automobile, can even be produced in Craiova from 2023, with all-electric variations coming in 2024.

To additional enhance electrical and business automobile capability, Ford introduced that Ford Otosan will assume possession of the Craiova plant and manufacturing enterprise, topic to regulatory approval and session. Ford Otosan, a three way partnership between Ford Motor Firm and Koç Holding, is likely one of the longest working and most profitable joint ventures within the world auto {industry}.


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December 2022