Ford to launch 7 new EVs in Europe by 2024 : shares

Ford Motor Co. mentioned it plans to roll out seven new electrical vehicles in Europe by 2024, together with 4 electrical industrial autos. With the rollout of the brand new electrical fashions in Europe, Ford mentioned it now expects annual gross sales of electrical vehicles in Europe to exceed 600,000 items in 2026. The corporate is focusing on the sale of two million electrical vehicles globally by 2026.

The carmaker mentioned additionally it is focusing on zero emissions for all car gross sales in Europe and carbon neutrality throughout its European footprint by 2035. “Ford is all-in and shifting quick to satisfy the demand in Europe and across the globe,” Ford Chief Government Jim Farley mentioned.

The brand new fashions of electrical vehicles to be rolled out in Europe embody a medium-sized crossover and an electrical model of the Ford Puma, Ford’s top-selling passenger automobile in Europe. The Puma can be manufactured beginning in 2024 on the firm’s website in Craiova, Romania, which Ford mentioned will play a big position within the firm’s electrical car development plans in Europe.

To assist its manufacturing efforts, Ford mentioned it signed a non-binding memorandum of understanding with SK On Co. Ltd. and Koc Holding to create considered one of Europe’s largest industrial car battery manufacturing websites in Turkey.

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