Overview
- Ford committed roughly $5 billion to develop the Universal EV Platform and Production System, targeting a $30,000 midsize four-door pickup for a 2027 rollout.
- The Louisville Assembly Plant will receive nearly $2 billion in upgrades to secure about 2,200 hourly jobs while adopting a three-branch “assembly tree” in place of the traditional line.
- A U.S.-built prismatic lithium-iron-phosphate battery pack co-developed with CATL will power the new EV family from Ford’s BlueOval Battery Park in Michigan.
- Ford projects its modular platform will cut parts by 20%, fasteners by 25%, workstations by 40% and assembly time by 15%, while trimming about 4,000 feet of wiring harness per vehicle.
- Executives describe the effort as a risky “Model T moment” aimed at matching Chinese cost structures and restoring EV profitability, with final range, capacity and pricing details to be confirmed later.