DEARBORN (dpa-AFX) - Ford Motor Company (F) has introduced its new Universal EV Platform and Production System, designed to make electric vehicles more affordable, efficient, and fun to drive.
The first model a midsize, four-door electric pickup will debut in 2027 and be built at the Louisville Assembly Plant for U.S. and export markets.
The platform reduces parts by 20%, speeds assembly by 15%, and features cobalt- and nickel-free lithium iron phosphate batteries that double as a structural floor.
Ford's redesigned 'assembly tree' production process improves efficiency and worker ergonomics, potentially cutting build time by 40%.
To support the launch, Ford will invest nearly $2 billion in the Kentucky facility, securing 2,200 jobs.
F is currently trading at $11.11, down $0.06 or 0.49 percent on the New York Stock Exchange.
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