Ford to invest around $300 million in UK plant to build electric car parts

Ford will invest up to 230 million pounds ($316 million) to build electric car components in its UK plant.

Ford said that it would invest almost 230 million pounds ($316 million) to build electric car components at its Halewood Factory in Merseyside, Northern England. The Halewood plant is the first European in-house location to produce Ford's electric vehicle (EV) parts. Ford has pledged that its car line-up for Europe will be all-electric by 2030. From mid-2024, the Halewood plant is expected to produce around 250,000 power units a year. Ford said the Halewood plant was chosen due to the excellent record on the quality of the products produced by the plant. The competitiveness, the vital skills base, and the employees' commitment at the plant also were compelling reasons for Ford to choose the site.

Stuart Rowley, Ford's Europe President, said, "This is an important step, marking Ford's first in-house investment in all-electric vehicle component manufacturing in Europe."

With Britain banning the sale of petrol and diesel vehicles from 2030, the British government contributes to Ford's investment in the Halewood plant through its Automotive Transformation Fund. The UK government provides around 10% of the total investment value for automotive firms through the aforementioned fund. Automotive brands across the world are intensifying their electrification plans ahead of the eventual ban on combustion engines. Countries are also vying to secure jobs that will otherwise be lost when the traditional automotive industry ceases to exist.