Ford accelerates electric shift with major investment

Alongside its South Korean partner, Ford plans construction of four new factories in the US in its business pivot toward electric vehicles.

Photo: Anushree Fadnavis/Reuters/Ritzau Scanpix

US automotive group Ford is now quickening the pace of its switch to electric vehicle manufacturing.

In cooperation with South Korean partner SK Innovation, Ford intends to build a new assembly plant for making a battery-powered version of the F-150 pickup truck. The two companies will also set up three battery factories in the US, Ford informs in a statement Monday.

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