Ford announced an 11.4 billion dollars investment for production of electric vehicles. According to Ford it would be the largest ,most efficient, most advanced auto production complex in its hundred and eighteen year history and would place the company in top position.
The statement said: "This investment supports the company's longer-term goal to create a sustainable American manufacturing ecosystem, and to accelerate its progress towards achieving carbon neutrality, backed by science-based targets in line with the Paris Climate Agreement. By joining hands with its South Korean partner SK innovation, Ford will build its factory in Kentucky and Tennessee.
Ford will built four new plants that will give rise to eleven thousand new jobs by 2025. Thus help in providing jobs Opportunities to ample number of people. According to the company they are expecting that 40-50 percent of their vehicles will be electrified by 2030. The Executive Chairman Bill Ford mentioned that "This is a transformative moment where Ford will lead America's transition to electric vehicles and usher in a new era of clean,
Carbon-neutral manufacturing and With this investment and a spirit of innovation, we can achieve goals once thought mutually exclusive protect our planet, build great electric vehicles Americans will love and contribute to our nation's prosperity,".The CEO of the company Jim farley further mentioned that the ccompany is moving to deliver breakthrough electric vehicles for the many rather than the few. This investment will help in creating jobs and will Support American families
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