Ford Motor Co. plans to invest another $450 million in its electric vehicle, on top of an earlier, $550 million investment. The move, the company claims, will help it create as many as 1,000 new jobs in Michigan.
Among other things, the automaker will relocate lithium-ion battery pack production from Mexico to Michigan. The company plans to roll out at least two battery-electric vehicles, or BEVs, over the next two years, and also plans to launch a plug-in hybrid model by 2012.
“It’s really important to me that the state of Michigan maintains its status as the motor capital,” said Ford Chairman Bill Ford, following a news conference at the North American International Auto Show, in Detroit.
Ford announced that the Michigan Assembly Plant, in the Detroit suburb of Wayne, will become its new battery vehicle production center. The facility, which only a few years ago produced trucks, is being converted to assemble the next-generation 2011 Ford Focus. The new compact shares its C-car platform with the automaker’s upcoming battery vehicles.