Ford to build next-gen EV truck at $5.6B factory in 2025

Ford, one of the world’s largest automakers, has announced plans to build its next-generation electric truck at a new $5.6 billion factory in the United States. The factory is expected to open in 2025 and will produce electric vehicles, including the new electric truck, as well as battery cells and other components.

The electric truck will be part of Ford’s broader plan to transition to electric vehicles and reduce its carbon footprint. Ford has already announced plans to invest $22 billion in electric vehicle development through 2025, and this new factory is a major part of that effort.

The new factory is expected to create thousands of new jobs and will be located in a yet-to-be-announced location in the United States. Ford has stated that the factory will be “zero-emissions” and will use renewable energy sources to power its operations.

The new electric truck is expected to be a direct competitor to Tesla’s Cybertruck and other electric trucks currently in development. The market for electric trucks is expected to grow rapidly in the coming years as more companies look to reduce their carbon footprint and transition to electric vehicles.

Overall, Ford’s decision to build its next-generation electric truck at a new factory is a significant step forward in the company’s efforts to transition to electric vehicles and reduce its environmental impact.