Ford Motor Company is making a bold move to transform its electric future, pledging a $5 billion investment to develop a cutting-edge EV platform, reimagine its vehicle assembly system, and begin U.S. production of prismatic lithium iron phosphate (LFP) batteries. This massive initiative is expected to create or secure nearly 4,000 jobs across Kentucky and Michigan, reinforcing Ford’s ambition to build affordable, high-performance EVs on American soil.

A Midsize Electric Pickup to Lead the Charge

The first vehicle to emerge from this new platform will be a midsize four-door electric pickup, priced from around $30,000. Slated for a 2027 debut, the model promises Mustang EcoBoost-like speed and more passenger room than a Toyota RAV4. Designed with both practicality and thrill in mind, the pickup will offer a front trunk (frunk), a secure truck bed, and a spacious interior all built on a battery that doubles as the floor of the vehicle.

Jim Farley, Ford’s President and CEO, emphasized the unconventional strategy behind the project: “We didn’t tweak the old system — we threw it out. The goal was clear: build EVs Americans want, at a price they can afford, and do it with American labor.”

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An Innovative Manufacturing Revolution

One of the key components of this investment is Ford’s new production method — the Universal EV Production System. Ditching the century-old moving assembly line, Ford will implement an “assembly tree” where major components are built separately and integrated in a modular final step. According to Ford, this streamlined process could reduce assembly time by up to 40%, significantly cut part counts, and improve ergonomics for workers on the line.

The prismatic LFP battery pack is central to this evolution. It’s cobalt- and nickel-free, lowering environmental impact, and its structural integration into the vehicle platform improves handling while reducing material needs. The new design uses 20% fewer parts and 25% fewer fasteners, enabling faster builds with fewer errors.

Doug Field, Ford’s Chief EV, Digital and Design Officer, likened the innovation to the revolutionary thinking behind the Model T. “We’re not just removing features to make EVs cheaper,” he said. “We’re re-engineering every element — structure, software, and energy from the ground up.”

Investing in America’s EV Future

Nearly $2 billion of the total investment will be directed toward the Louisville Assembly Plant in Kentucky to prepare for pickup production, securing more than 2,200 hourly jobs. An additional $3 billion is earmarked for BlueOval Battery Park Michigan to ramp up domestic production of prismatic LFP battery cells — crucial for reducing costs and ensuring supply chain resilience.

Kentucky Governor Andy Beshear praised the announcement, calling it “one of the largest investments on record in our state,” and a major milestone for Kentucky’s role in driving clean-tech manufacturing.

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Rebuilding the U.S. Supply Chain for Affordable EVs

By partnering with a wide network of domestic suppliers and rooting production in U.S. facilities, Ford is aiming to lead the next era of electric vehicles without relying on overseas imports. The strategy aligns with federal goals to reshore EV manufacturing and bolster American energy independence.

From innovative product design to reinvented manufacturing processes and strengthened local job creation, Ford’s $5 billion commitment marks a pivotal moment in the shift toward a more sustainable and accessible EV landscape built in America, for America.

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