Ford plans to build a 2.5l Duratec hybrid engine and increased battery pack assembly capacity at its Valencia plant in Spain for its electrified future operations by the end of 2022.
The engine will be built simultaneously with the 2l and 2.3l engines for which the company is seeing strong demand. Ford had announced investments close to €24mn ($28.26mn) in January this year, towards its battery pack assembly capacity. The firm has confirmed another €5.2mn to support increased capacity.
Ford plans to have all of its passenger vehicle range in Europe to be 100pc zero-emissions or at-least plug-in hybrids by 2026, moving to all-electric by 2030. The car manufacturer plans to invest around $22bn globally for the electrification process and around $1bn to build Ford Cologne Electrification Center in Germany for EV production. Its first European-built EV is expected to be produced at the facility by 2023.