Ford invests $1 billion in Cologne electrifcation center

Ford invests $1 billion in Cologne electrifcation center

Business news |
By Christoph Hammerschmidt

According to Stuart Rowley, President Ford Europe, the construction of the Cologne Electrification Center is the largest investment the company has ever made in Cologne. However, it is only a small part of the overall programme with which Ford wants to push the electrification of its vehicle fleet – worldwide, the US company wants to invest 22 billion dollars in the development and industrialisation of electric drive technology.

One of the focal points for Ford’s model policy is the European market. Here, Ford wants to offer only electrified vehicles from 2026 – but this does not mean an end to the production of cars with conventional drives, because hybrids have both types of drive on board. From 2030, however, plug-in hybrids will also be phased out, and only purely electrically powered cars will roll off the assembly lines.

In addition to production, the technical development of the new electric model will also take place in Cologne. Within the framework of the existing strategic alliance with Volkswagen, Ford will base the development of the vehicle on the Modular Electric Building Kit (MEB). On this platform, Ford intends to deliver fully electric vehicles for its customers throughout Europe. Over the entire life cycle, production of a total of around 600,000 units is planned. Nothing is known yet about the exact concept and appearance of these vehicles either, but it is likely that Ford will not enter into direct competition with Volkswagen’s ID.3 and ID.4 e-cars with these cars.

Ford’s production facilities in Cologne currently build the volume model Fiesta. This is not to change for the time being, it is said. The electric model will be produced in parallel with the Fiesta. Possibly, Ford will develop and produce a second electrically powered vehicle family in Cologne in the medium future.

More information:

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