Ford

The European division of Ford announced the start of production of the Explorer electric crossover at a plant in Cologne. At the same time, a video story about the assembly process was published, which gives an idea of ​​the plant itself. Repurposing the factory to produce electric vehicles cost the concern $2 billion in investments.

According to Farley, its next-generation EVs would “be affordable for most Americans, in addition to being profitable.” Ford’s upcoming electric vehicle lineup will be “competitive with the best in the business,” according to Farley. Furthermore, Ford now thinks China is the source of such EVs.