Ford will invest an additional £150 million in its Halewood factory as it scales up the historic UK facility’s involvement in its European electrification strategy.
The firm confirmed last year that it would convert the gearbox plant to an electric powertrain plant by 2024. The new investment raises the total cost to £380m.
The cash injection announced today means planned production of electric drive units at the plant will almost double, from 250,000 per year to 420,000.
In other words, the plant will supply 70% of the 600,000 EVs Ford aims to sell in Europe annually by 2026.
